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The Anatomy of Corporate Law – A Comparative and Functional Approach - Oxford Scholarship Online
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The Anatomy of Corporate Law: A Comparative and Functional Approach

Reinier Kraakman, John Armour, Paul Davies, Luca Enriques, Henry Hansmann, Gerard Hertig, Klaus Hopt, Hideki Kanda, Mariana Pargendler, Wolf-Georg Ringe, and Edward Rock


This book provides a theoretical framework for the understanding of corporate (or company) law from both a functional and a comparative perspective and illustrates how corporate laws in core jurisdictions (namely, Brazil, the U.S., the UK, France, Germany, Italy, and Japan) conform to that framework. Corporations in all jurisdictions share the same key legal attributes: namely, legal personality, limited liability, delegated management, transferable shares, and investor ownership. Businesses using the corporate form give rise to three basic types of agency problems, namely those between: (1) m ... More

Keywords: corporation, comparative law, corporate governance, agency, controlling shareholder, manager, creditor, employee, minority shareholder, takeover

Bibliographic Information

Print publication date: 2017 Print ISBN-13: 9780198739630
Published to Oxford Scholarship Online: March 2017 DOI:10.1093/acprof:oso/9780198739630.001.0001


Affiliations are at time of print publication.

Reinier Kraakman, author
Ezra Ripley Thayer Professor of Law, Harvard Law School

John Armour, author
Hogan Lovells Professor of Law and Finance, University of Oxford

Paul Davies, author
Senior Research Fellow in the Centre for Commercial Law, Harris Manchester College, University of Oxford

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1 What Is Corporate Law?

John Armour, Henry Hansmann, Reinier Kraakman, and Mariana Pargendler

2 Agency Problems and Legal Strategies

John Armour, Henry Hansmann, and Reinier Kraakman

3 The Basic Governance Structure: The Interests of Shareholders as a Class

John Armour, Luca Enriques, Henry Hansmann, and Reinier Kraakman

4 The Basic Governance Structure: Minority Shareholders and Non-Shareholder Constituencies

Luca Enriques, Henry Hansmann, Reinier Kraakman, and Mariana Pargendler

5 Transactions with Creditors

John Armour, Gerard Hertig, and Hideki Kanda

6 Related-Party Transactions

Luca Enriques, Gerard Hertig, Hideki Kanda, and Mariana Pargendler

7 Fundamental Changes

Edward Rock, Paul Davies, Hideki Kanda, Reinier Kraakman, and Wolf-Georg Ringe

8 Control Transactions

Paul Davies, Klaus Hopt, and Wolf-Georg Ringe

9 Corporate Law and Securities Markets

Luca Enriques, Gerard Hertig, Reinier Kraakman, and Edward Rock

10 Beyond the Anatomy

John Armour, Luca Enriques, Mariana Pargendler, and Wolf-Georg Ringe

End Matter