Economic Structure of Corporate Law Easterbrook Frank H. Paperback
Economic Structure of Corporate Law Easterbrook Frank H. Paperback The authors argue that the rules and practices of corporate law mimic contractual provisions that parties involved in corporate…
Specifikacia Economic Structure of Corporate Law Easterbrook Frank H. Paperback
Economic Structure of Corporate Law Easterbrook Frank H. Paperback
The authors argue that the rules and practices of corporate law mimic contractual provisions that parties involved in corporate enterprise would reach if they bargained about every contingency at zero cost and flawlessly enforced their agreements. The authors work out the reasons for supposing that this is the exclusive function of corporate law and the implications of this perspective. But bargaining and enforcement are costly, and corporate law provides the rules and an enforcement mechanism that govern relations among those who commit their capital to such ventures.