Abstract

http://ssrn.com/abstract=1695201
 


 



Evaluating State Anti-Takeover Legislation: A Broadminded New Approach to Corporation Law or 'A Race to the Bottom'?


Alan E. Garfield


Widener University - School of Law

1990

Columbia Business Law Review, Vol. 1990, No. 1

Abstract:     
This commentary argues that the current system of corporate law – in which corporations are generally free to choose which state’s law will govern their affairs – is incapable of adequately addressing the concerns of employees or communities. At best, the system, through the operation of market forces, will produce laws which maximize shareholder welfare. To suggest that the system can be responsive to employee or community concerns, as some scholars have done, simply diverts attention from changes which should be instituted in other areas of law, such as labor, contract and pension, to better protect these constituencies.

Number of Pages in PDF File: 14

Keywords: takeovers, corporation law

JEL Classification: K22

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Date posted: October 22, 2010  

Suggested Citation

Garfield, Alan E., Evaluating State Anti-Takeover Legislation: A Broadminded New Approach to Corporation Law or 'A Race to the Bottom'? (1990). Columbia Business Law Review, Vol. 1990, No. 1. Available at SSRN: http://ssrn.com/abstract=1695201

Contact Information

Alan E. Garfield (Contact Author)
Widener University - School of Law ( email )
4601 Concord Pike
P.O. Box 7286
Wilmington, DE 19803-0474
United States
HOME PAGE: http://law.widener.edu
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