Working Paper

01 September 2006

Who Writes the Rules for Hostile Takeovers, and Why? The Peculiar Divergence of US and UK Takeover Regulation

Hostile takeovers are commonly thought to play a key role in rendering managers accountable to dispersed shareholders in the Anglo-American system of corporate governance. Yet surprisingly little attention has been paid to the very...

John Armour | David Skeel
01 April 2005

The States as a Laboratory: Legal Innovation and State Competition for Corporate Charters

Corporate law is an arena in which the metaphor of the states as a laboratory describes actual practice, and, for the most part, this is a laboratory that has worked reasonably well. The goal of this paper is to map out over time the diffusion...

Roberta Romano
01 November 2003

Taking Shareholder Protection Seriously? Corporate Governance in the United States and Germany

The paper undertakes a comparative study of the set of laws affecting corporate governance in the United States and Germany, and an evaluation of their design - if one assumes that their objective were the protection of the interests of...

Theodor Baums | Kenneth Scott