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21.
Law and economics approaches to corporate governance
Nina Cankar, Simon Deakin, Marko Simoneti, 2009, original scientific article

Abstract: This paper provides a critical assessment of existing theoretical approaches to corporate governance within law and economics. Conventional economic approaches to law, new institutionalism and behavioural science, as well as the transplant literature, are discussed and their limits indicated. We suggest that by incorporating novel concepts, such as receptiveness, familiarity, adaptation, and internal process of development, the evolutionary dynamics of law and economics signifies a tendency towards corporate governance analysis that involves the study of institutional change and deals with questions that cannot be easily quantified. Such perspective invites a further look into the nature and evolution of legal norms and opens a way for a review of corporate governance arrangements from the perspective of unconventional socio-legal theories.
Keywords: corporate governance, law and economics, new institutionalism, legal transplants
Published: 23.07.2018; Views: 100; Downloads: 12
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