Behavioral Approaches to Corporate Law
Donald C. Langevoort
Georgetown University Law Center
RESEARCH HANDBOOK ON THE ECONOMICS OF CORPORATE LAW, Claire A. Hill and Brett H. McDonnell eds., Northampton, Mass.: Edward Elgar 2012
Georgetown Law and Economics Research Paper No. 12-015
Georgetown Public Law Research Paper No. 12-055
This chapter reviews the challenges associated with developing a plausible theory of why psychological "heuristics and biases" might persist in high-stakes business settings. Specific attention is given to issues of loyalty on corporate boards, behavioral finance, and corporate cultures.
Number of Pages in PDF File: 33
Keywords: behavioral economics, corporate law, securities law, behavioral finance, behavioral approaches, corporate cultures, corporate governance, legal scholars
JEL Classification: K22
Date posted: April 19, 2012
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