The Anatomy of Corporate Law
A Comparative and Functional Approach
Anatomy of Corporate Law by Reinier Kraakman
Book DescriptionThis 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-a-vis shareholders; (2) the opportunism of controlling shareholders vis-a-vis minority shareholders; and (3) the opportunism of shareholders as a class vis-a-vis other corporate constituencies, such as corporate creditors 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. Afte
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Book DetailsISBN: 9780199260638
(234mm x 156mm x 18mm)
Imprint: Oxford University Press
Publisher: Oxford University Press
Publish Date: 25-Mar-2004
Country of Publication: United Kingdom
Books By Author Reinier Kraakman
Anatomy of Corporate Law, Hardback (January 2017)» View all books by Reinier Kraakman
The Anatomy, written by a team of eleven leading academics at top universities around the world, has established itself as the leading book in the field of comparative corporate law. Across the world, students and scholars, from undergraduates to well-established authorities, routinely consult this book as a starting point for their inquiries.
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Author Biography - Reinier Kraakman
Reinier Kraakman is a Professor at Harvard Law School, Paul Davies is a Professor at the London School of Economics and Political Science, Henry Hansmann is a Professor at Yale Law School, Gerard Hertig is a Professor at the Swiss Institute of Technology, Klaus J. Hopt is Director of the Max-Planck Institute Hamburg, Hideki Kanda is a Professor at University of Tokyo Faculty of Law, and Edward B. Rock is a Professor at University of Pennsylvania Law School
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