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Anatomy of Corporate Law A Comparative and Functional Approach

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ISBN-10: 0199260648

ISBN-13: 9780199260645

Edition: 2003

Authors: Reinier Kraakman, Paul Davies, Henry Hansmann, Gerard Hertig, Klaus Hopt

List price: $55.00
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Description:

This book is a concise analytical overview of the field of corporate law. The authors start from the premise that corporate (or company) law across jurisdictions addresses the same three basic agency problems: (1) the opportunism of managers vis--vis shareholders; (2) the opportunism of controlling shareholders vis--vis minority shareholders; and (3) the opportunism of shareholders as a class vis--vis other corporate constituencies, such as corporatecreditors and employees.Every jurisdiction must address these problems in a variety of contexts framed by the corporation's internal dynamics and its interactions with the product, labor, capital, and takeover markets. The authors' central claim, however, is that corporate (or company) forms are fundamentally similar and that, to a surprising degree, jurisdictions pick from among the same handful of legal strategies - although not always the same strategy- to address the three basic agency issues. This book explains in detail how (and why) the principal European jurisdictions, Japan, and the United States sometimes select identical legal strategies to address a given corporate law problem, and sometimes make divergent choices. After an introductory discussion of agency issues and legal strategies, the book addresses the basic governance structure of the corporation, including the powers of the board of directors and the shareholders meeting. It proceeds to creditor protection measures,related-party transactions, and fundamental corporate actions such as mergers and charter amendments. Finally, it concludes with an examination of friendly acquisitions, hostile takeovers, and the regulation of the capital markets. This book should be of great interest to scholars and students ofcorporate and comparative law and to persons interested in business, finance, and economics who wish to deepen their understanding of corporate law.
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Book details

List price: $55.00
Copyright year: 2003
Publisher: Oxford University Press, Incorporated
Publication date: 5/20/2004
Binding: Paperback
Pages: 248
Size: 6.00" wide x 9.00" long x 0.50" tall
Weight: 0.836
Language: English

Preface
Agency Problems and Corporate Law
Strategies for Mitigating Agency Problems
The Basic Governance Structure
Creditor Protection
Related Party Transactions
Significant Corporate Actions
Control Transactions
Issuers and Investor Protection
Beyond the Anatomy