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The Uncorporation’s Domain

24 Pages Posted: 20 Aug 2010  

Larry E. Ribstein

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

Date Written: August 18, 2010

Abstract

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.

JEL Classification: G24, K22

Suggested Citation

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

Larry Edward Ribstein (Contact Author)

University of Illinois College of Law (deceased)

PERC - Property and Environment Research Center

2048 Analysis Drive
Suite A
Bozeman, MT 59718
United States

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