publication . Preprint . Article . 1998

Corporate Law and Corporate Governance

Roberta Romano;
Open Access
  • Published: 07 May 1998
Abstract
We have seen a revival in interest in corporate law and corporate governance since the 1980s, as researchers applied the tools of the new institutional economics and modern corporate finance to analyze the new transactions emerging in the 1980s takeover wave. This article focuses on three mechanisms of corporate governance to illustrate the analytical usefulness of transaction cost economics for corporate law. They are the board of directors; relational investing, a form of block ownership in which a large shareholder is more actively involved in firm management than is ordinarily expected of non-management shareholders; and the choice of law governing sharehold...
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Subjects
free text keywords: Economics and Econometrics, jel:G38, jel:K22, jel:G34, Corporate finance, Corporate group, Corporate security, Stakeholder, Corporate governance, Economics, Corporate Real Estate, Corporate communication, business.industry, business, Corporate law, Accounting
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