Contracts and Corporations

Sally Wheeler

in The Oxford Handbook of Empirical Legal Research

Published in print November 2010 | ISBN: 9780199542475
Published online September 2012 | | DOI:

Series: Oxford Handbooks in Law

Contracts and Corporations


This article deals with legal corporate behavior and corporate structures. It discusses the activity within and between business units. It explains studies on corporate behavior in a threefold order—the first order deals with the gap between formal legal contracts and informal corporate covenants; the second order deals with norms that govern alternative contractual norms; and the third order exclusively deals with the economic aspects of the study. The legal-economic approach tries to identify the gap between actual behavior and ideal behavior. This article demonstrates that investors are claimed to be non-interventionist and only the investor's direct involvement necessitates direct monitoring. It examines new arenas of contract practice such as Internet shopping and e-commerce more generally.

Keywords: corporate behavior; formal legal contracts; e-commerce; direct monitoring; investors

Article.  11513 words. 

Subjects: Law ; Contract Law

Full text: subscription required

How to subscribeRecommend to my Librarian

Buy this work at Oxford University Press »