Table of Contents

Enterprise Law

Enterprise Law

Contracts, Markets, and Laws in the US and Japan

Edited by Zenichi Shishido

Enterprise law represents the entire range of private contracts and public regulations governing the relationship of different capital providers. Enterprise Law comparatively analyses the way these fundamental legal frameworks complement each other in the United States and Japan.

General comments: afterword

J. Mark Ramseyer

Subjects: asian studies, asian law, law - academic, asian law, company and insolvency law, corporate law and governance


What does one say about a book this thoughtful and diverse? A book this thoughtful raises issues to which one cannot respond summarily. A book this diverse one cannot summarize at all. Professor Zenichi Shishido carefully captures the gist of the project. In firms, shareholders and creditors provide financial capital, and managers and employees provide human capital. The task they face is (Professor Shishido nicely outlines it with much more subtlety and sophistication) to assemble a bargain that gives each of them an incentive to maximize the value of the firm. The task of the law (again, Professor Shishido outlines it with more subtlety and sophistication) is to provide the set of default terms that best facilitates those bargains. It is a good thing for the corporate university community when scholars this talented contribute such sharply analytical chapters. It is a good thing when the best scholars from Japan and the United States contribute together. In both countries, we face the task of understanding how and why managers, investors, and workers organize their productive enterprise the way they do. In both countries we benefit from the cross-national comparisons that a project like this engenders.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information