Chapter

Introduction

in Law and Capitalism

Published by University of Chicago Press

Published in print June 2008 | ISBN: 9780226525273
Published online March 2013 | e-ISBN: 9780226525297 | DOI: http://dx.doi.org/10.7208/chicago/9780226525297.003.0001
Introduction

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This book offers a perspective on the relation between law and capitalism that generates answers quite different from the ones taken for granted in the economics literature and the policy world. Its empirical core comprises six analytical narratives of recent corporate scandals or controversies: the Enron debacle in the United States, the Mannesmann executive compensation scandal and criminal trial in Germany, the institutional response to the rise of hostile takeovers in Japan, the role of law in a foreign institutional investor's challenge to one a chaebol (conglomerate) in Korea, an insider trading and false disclosure scandal at a state-owned firm listed in Singapore and the challenges to legal governance in China, and the use of law in the hands of Russian President Vladimir Putin to “renationalize” Yukos. The book focuses on corporate governance as a vehicle for better understanding the relation between legal and economic institutions.

Keywords: law; capitalism; corporate governance; corporate scandals; Enron; Mannesmann; hostile takeovers; chaebol; insider trading; Yukos

Chapter.  5183 words. 

Subjects: Company and Commercial Law

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