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Changing Perspectives on Corporate Law and Economics: An Introduction

THE LAW AND ECONOMICS OF CORPORATE GOVERNANCE - CHANGING PERSPECTIVES, Alessio M. Pacces, ed., Cheltenham: Elgar, 2010

18 Pages Posted: 12 Feb 2010  

Alessio M. Pacces

Erasmus School of Law, Erasmus University Rotterdam - Rotterdam Institute of Law and Economics; European Corporate Governance Institute

Date Written: November 4, 2009

Abstract

This is a comprehensive introduction to the volume "The Law and Economics of Corporate Governance - Changing Perspectives", collecting the updated proceeds of the conference "Changing Perspectives on Corporate Law and Economics" held in Rotterdam on November 6, 2008 in honour of Guido Calabresi.

In this book, the law and economics of corporate governance is approached from a range of angles. This study reveals that perspectives are changing: they differ between the economic and the legal standpoint; they vary across countries; they evolve over time. A group of leading scholars offers their views - some provide fresh empirical evidence on existing theories; others attempt to develop new theoretical insights based on empirical puzzles. They all analyse the economics of corporate governance with a view to how it should, or should not, be regulated. Economic analysis of law proves to be the common language for understanding corporate governance on both sides of the Atlantic.

The Law and Economics approach is applied to topical issues in the international debate, such as the harmonization of company laws; regulatory competition; determinants of separation of ownership and control; enforcement of investor protection; and the authority/accountability trade-off in corporate governance.

Keywords: Delaware, Societas Privata Europaea, cross-border mergers, market for corporate control, insider trading, enforcement , investor protection, property rules and liability rules, incomplete contracts

JEL Classification: G34, G38, K22

Suggested Citation

Pacces, Alessio M., Changing Perspectives on Corporate Law and Economics: An Introduction (November 4, 2009). THE LAW AND ECONOMICS OF CORPORATE GOVERNANCE - CHANGING PERSPECTIVES, Alessio M. Pacces, ed., Cheltenham: Elgar, 2010. Available at SSRN: https://ssrn.com/abstract=1551275

Alessio Maria Pacces (Contact Author)

Erasmus School of Law, Erasmus University Rotterdam - Rotterdam Institute of Law and Economics ( email )

Burgemeester Oudlaan 50
P.O. Box 1738
Rotterdam, Zuid Holland 3000 DR
Netherlands
+31-(0)10-4081613 (Phone)
+31-(0)10-4089191 (Fax)

HOME PAGE: http://www.esl.eur.nl/profile_az/?tx_eurliaatmetismis_pi1%5Bmetis_id%5D=1050049

European Corporate Governance Institute ( email )

c/o ECARES ULB CP 114
B-1050 Brussels
Belgium

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