Research Handbook on the Economics of Corporate Law
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Research Handbook on the Economics of Corporate Law

Edited by Claire A. Hill and Brett H. McDonnell

Comprising essays specially commissioned for the volume, leading scholars who have shaped the field of corporate law and governance explore and critique developments in this vibrant and expanding area and offer possible directions for future research.
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Chapter 3: Corporate Law and the Team Production Problem

Margaret M. Blair

Extract

3. Corporate law and the team production problem Margaret M. Blair1 1. INTRODUCTION Should corporations be managed for the sole purpose of maximizing share value for corporate shareholders? While for much of the last three decades the dominant per...

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