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  • Influence
Corporate Governance and the Board of Directors: Performance Effects of Changes in Board Composition
Recent advances in economic theory suggest that the board of directors is an important part of the governance structure of large business corporations (Fama and Jensen, 1983a; Williamson, 1983,Expand
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The Role of Corporate Law in the Theory of the Firm
THE corporation is a nexus of contracts. Some scholars have argued that the contractual view of the firm implies that markets will lead managers to adopt optimal governance structures and that legalExpand
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The Contractual Theory of the Corporation
The modem corporation is one of the most successful inventions in history, as evidenced by its widespread adoption and survival as a primary vehicle of capitalism over the past century. Economists,Expand
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The Sarbanes-Oxley Debacle: What We've Learned; How to Fix it
This Abstract introduces the authors' new book, The Sarbanes-Oxley Debacle: What We've Learned; How to Fix It (The AEI Press 2006). The Sarbanes-Oxley Act of 2002 ("SOX") is a colossal failure,Expand
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Nineteenth-Century Jurisdictional Competition in the Granting of Corporate Privileges
  • H. Butler
  • Economics
  • The Journal of Legal Studies
  • 1 January 1985
century as state legislators relinquished their strict control over the power to grant or deny special corporate privileges to the particular groups that sought them. The corporate charter, whichExpand
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The Manne Programs in Economics for Federal Judges
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Policy Reversal on Reverse Payments: Why Courts Should Not Follow the New DOJ Position on Reverse-Payment Settlements of Pharmaceutical Patent Litigation
In a recent policy reversal, the Department of Justice has, for the first time, pursued antitrust liability for “reverse payment” settlements. These settlements occur in the pharmaceutical industryExpand
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Temporal Modulations Reveal Distinct Rhythmic Properties of Speech and Music
Speech and music have structured rhythms, but these rhythms are rarely compared empirically. Expand
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