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Corporate law and governance

Marco Becht; Patrick Bolton; Ailsa Röell

Title:
Corporate law and governance
Author(s):
Becht, Marco
Bolton, Patrick
Röell, Ailsa
Date:
Type:
Chapters (layout features)
Department(s):
Business
Persistent URL:
Book/Journal Title:
Handbook of law and economics, vol. 2
Notes:
Chapter 12
Publisher:
Elsevier
Publisher Location:
Amsterdam
Abstract:
This chapter surveys the theoretical and empirical research on the main mechanisms of corporate law and governance, discusses the main legal and regulatory institutions in different countries, and examines the comparative governance literature. Corporate governance is concerned with the reconciliation of conflicts of interest between various corporate claimholders and the resolution of collective action problems among dispersed investors. A fundamental dilemma of corporate governance emerges from this overview: large shareholder intervention needs to be regulated to guarantee better small investor protection; but this may increase managerial discretion and scope for abuse. Alternative methods of limiting abuse have yet to be proven effective.
Subject(s):
Corporate governance
Consolidation and merger of corporations
Boards of directors
Corporation law
Publisher DOI:
https://doi.org/10.1016/S1574-0730(07)02012-9
Item views
316
Metadata:
text | xml
Suggested Citation:
Marco Becht, Patrick Bolton, Ailsa Röell, , Corporate law and governance, Columbia University Academic Commons, .

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