Putting the Corporation in its Place

@inproceedings{Guinnane2007PuttingTC,
  title={Putting the Corporation in its Place},
  author={Timothy W. Guinnane and Ruth A. Harris and Naomi R. Ucla Lamoreaux and J P Rosenthal},
  year={2007}
}
This article challenges the idea that the corporation is a globally superior form of business organization and that the Anglo-American common-law is more conducive to economic development than the code-based legal systems characteristic of continental Europe. Although the corporation had important advantages over the main alternative form of organization (partnerships), it also had disadvantages that limited its appeal to small- and medium-sized enterprises (SMEs). As a result, when businesses… CONTINUE READING

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