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dc.contributor.authorGindis, David
dc.date.accessioned2018-09-26T09:13:22Z
dc.date.available2018-09-26T09:13:22Z
dc.date.issued2020-09-02
dc.identifier.citationGindis , D 2020 , ' Ernst Freund as Precursor of the Rational Study of Corporate Law ' , Journal of Institutional Economics , vol. 16 , no. 5 , pp. 597-621 . https://doi.org/10.2139/ssrn.2905547 , https://doi.org/10.1017/S174413741700056X
dc.identifier.issn1744-1374
dc.identifier.otherPURE: 12474097
dc.identifier.otherPURE UUID: 11b8fb5e-ac85-4b0f-9e58-44c252ef0d81
dc.identifier.otherScopus: 85038217285
dc.identifier.urihttp://hdl.handle.net/2299/20647
dc.descriptionGindis, David, Ernst Freund as Precursor of the Rational Study of Corporate Law (October 27, 2017). Journal of Institutional Economics, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2905547, doi: https://dx.doi.org/10.2139/ssrn.2905547
dc.description.abstractThe rise of large business corporations in the late 19th century compelled many American observers to admit that the nature of the corporation had yet to be understood. Published in this context, Ernst Freund's little-known The Legal Nature of Corporations (1897) was an original attempt to come to terms with a new legal and economic reality. But it can also be described, to paraphrase Oliver Wendell Holmes, as the earliest example of the rational study of corporate law. The paper shows that Freund had the intuitions of an institutional economist, and engaged in what today would be called comparative institutional analysis. Remarkably, his argument that the corporate form secures property against insider defection and against outsiders anticipated recent work on entity shielding and capital lock-in, and can be read as an early contribution to what today would be called the theory of the firm.en
dc.language.isoeng
dc.relation.ispartofJournal of Institutional Economics
dc.subjectEconomics, Econometrics and Finance(all)
dc.titleErnst Freund as Precursor of the Rational Study of Corporate Lawen
dc.contributor.institutionHertfordshire Business School
dc.contributor.institutionCentre for Research on Management, Economy and Society
dc.contributor.institutionOrganisation, Markets and Policy Research Group
dc.description.statusPeer reviewed
dc.identifier.urlhttp://www.scopus.com/inward/record.url?scp=85038217285&partnerID=8YFLogxK
dc.identifier.urlhttps://ssrn.com/abstract=2905547
rioxxterms.versionVoR
rioxxterms.versionofrecordhttps://doi.org/10.2139/ssrn.2905547
rioxxterms.typeJournal Article/Review
herts.preservation.rarelyaccessedtrue


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