How Does Corporate Law Matter? ‘Law and Finance’ and Beyond

M. Faure & J. Smits (eds.), Does Law Matter? On Law and Economic Growth, Antwerp: Intersentia, December 2011

46 Pages Posted: 4 May 2013 Last revised: 18 Jun 2013

See all articles by Alessio M. Pacces

Alessio M. Pacces

Amsterdam Law School / Amsterdam Business School (ACLE); European Corporate Governance Institute (ECGI); European Banking Institute

Date Written: October 1, 2011

Abstract

This chapter discusses the law and finance scholarship, from its beginning to its developments into legal research and policymaking. The key issue of the importance of law for finance is illustrated along with the controversy on the law matters proposition. The focus of the chapter, however, is on what is missing from the framework originally set by La Porta et al. I argue that the importance of the law for finance goes beyond investor protection. Efficient corporate law must include the support for entrepreneurship in corporate governance.

Keywords: law & finance, LLSV, corporate governance, private benefits of control, entrepreneurship, investor protection

JEL Classification: G34, G38, K22

Suggested Citation

Pacces, Alessio Maria, How Does Corporate Law Matter? ‘Law and Finance’ and Beyond (October 1, 2011). M. Faure & J. Smits (eds.), Does Law Matter? On Law and Economic Growth, Antwerp: Intersentia, December 2011, Available at SSRN: https://ssrn.com/abstract=2260340 or http://dx.doi.org/10.2139/ssrn.2260340

Alessio Maria Pacces (Contact Author)

Amsterdam Law School / Amsterdam Business School (ACLE) ( email )

Roetersstraat 11
Amsterdam, 1018 WB
Netherlands

HOME PAGE: http://www.uva.nl/profiel/p/a/a.m.pacces/a.m.pacces.html

European Corporate Governance Institute (ECGI) ( email )

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

HOME PAGE: http://https://ecgi.global/users/alessio-pacces

European Banking Institute ( email )

Frankfurt
Germany

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