9781003019770 (ebook) 1003019773 (ebook) 9781000061796 (electronic book : Mobipocket) 1000061795 (electronic book : Mobipocket) 9781000061741 (electronic book : PDF) 1000061744 (electronic book : PDF) 9781000061840 (electronic book : EPUB) 1000061841 (electronic book : EPUB) 9780367895532 (hardback)
Routledge studies in the economics of legal relationships
"Dozens of judicial opinions have held that shareholders own corporations, that directors are agents of shareholders, and even that directors are trustees of shareholders' property. Yet, until now, it has never been proven. These doctrines rest on unsubstantiated assumptions. In this book the author performs a rigorous, systematic analysis of common law, contract law, property law, agency law, partnership law, trust law, and corporate statutory law using judicial rulings that proves shareholders do not own corporations, that there is no separation of ownership and control, directors are not agents of shareholders, and shareholders are not investors in corporations. Furthermore, the author proves the theory of the firm, which is founded on the separation of ownership and control and directors as agents of shareholders, promotes an agenda that wilfully ignores fundamental property law and agency law. However, since shareholders do not own the corporation, and directors are not agents of shareholders, the theory of the firm collapses. The book corrects decades of confusion and misguided research in corporate law and the economic theory of the firm and will allow readers to understand how property law, agency law, and economics contradict each other when applied to corporate law. It will appeal to researchers and upper level and graduate students in economics, finance, accounting, law, and sociology, as well as attorneys and, accountants"-- Provided by publisher.
Formatted Contents Note
The Ground Floor: Jurisdiction, Common Law, and Contract Law Property and Property Law Agency and Agency Law Trusts and Trust Law Partnerships and Partnership Law Corporations and Corporate Law The Contradictions of Corporate Law Introduction The Contradictions of Property Law and Corporate Law The Contradictions of Agency Law and Corporate Law The Contradictions of Trust Law and Corporate Law The Contradictions of Corporate LawThe Social Construction of the Social Reality of Shareholders, Directors, Owners of shares, and Investors in Shares Power and the Cultural Reproduction of Shareholders, Directors, Owners of Shares, and Investors in Shares Reconstructing Corporations, Shareholders, Directors, Owners of Shares, and Investors in Shares The Corporation as a Legal Person The Theory of the Firm
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