Economics of Corporate Law

Economics of Corporate Law

Elgar Research Reviews in Law

Claire A. Hill and Brett H. McDonnell

Scholarly analysis of corporate law in the United States has come to be dominated by an economic approach. Professor Hill and Professor McDonnell here discuss seminal articles which represent major milestones along the road that economics has traveled in coming to play this central role in corporate law scholarship. The focus is on the analysis of corporate law, drawing mainly upon legal scholarship and particularly on US scholarship, which is the originator of the application of modern economic analysis to corporate law and has had much influence in other countries.

Beginning with several of the key works on the economics of the firm which have most heavily influenced legal scholarship, the review explores the central legal role of the board of directors and state competition for corporate charters. It further considers the role of hostile takeovers and board defenses against them and the effectiveness of shareholder suits and other agency mechanisms.

About this Research Review

Claire A. Hill and Brett H. McDonnell

Subjects: law - academic, company and insolvency law, corporate law and governance, law and economics, economics and finance, law and economics

About Elgar Research Reviews

Elgar Research Reviews consist of two principal components: a scholarly review article and a list of recommended readings.

Each review article is prepared by a leading scholar and introduces the relevant field of academic study by surveying the seminal and most transformative articles within that field. The article sets the recommended readings into context, revealing how they have shaped scholarship and why they are important to the development of the field. To facilitate further research the recommended readings are fully referenced.

Using the reference links provided

If your library has provided the location of their link resolver you can search for the article in their online catalogue. To facilitate this we have included a hyperlink under each reference.

There is also a link to search for each reading within Google Scholar, providing an important alternative method of finding the readings on the original publisher’s website and helping you to identify similar work.

Finding the print version of the print recommended readings

A print edition of this resource is also available.

Economics of Corporate Law (2 volumes)

Claire A. Hill and Brett H. McDonnell (eds)

ISBN 978 1 78536 148 7

The print edition includes the full text of the review article and of the recommended readings. Each recommended reading is presented exactly as it appeared in its original setting.

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