The Uncorporation’s Domain

Larry E. Ribstein (Deceased)

University of Illinois College of Law; PERC - Property and Environment Research Center

August 18, 2010

Villanova Law Review, Vol. 55, No. 1, 2010

This Article describes firms’ current choice between the corporate and uncorporate governance forms. This choice depends on firms’ demand for flexibility, the effectiveness in particular situations of corporate-type monitoring, and the suitability of uncorporate mechanisms of controlling agency costs. The Article suggests that, although the corporation likely will continue to be important for many large firms, uncorporate business forms are likely to become more important for a wide variety of firms. Tax, regulatory, and economic developments will determine the speed but not the existence of the trend.

Number of Pages in PDF File: 24

JEL Classification: G24, K22

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Date posted: August 20, 2010  

Suggested Citation

Ribstein (Deceased), Larry E., The Uncorporation’s Domain (August 18, 2010). Villanova Law Review, Vol. 55, No. 1, 2010. Available at SSRN: http://ssrn.com/abstract=1661291

Contact Information

Larry Edward Ribstein (Deceased) (Contact Author)
University of Illinois College of Law ( email )
504 E. Pennsylvania Avenue
Champaign, IL 61820
United States
217-244-9881 (Phone)
217-244-1478 (Fax)

PERC - Property and Environment Research Center
2048 Analysis Drive
Suite A
Bozeman, MT 59718
United States

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