The 16th and 17th centuries witnessed a fundamental change in the way businesses
operate. 1 Expansive trade operations demanded long-term investment which could not be …

Like most egalitarian political philosophers, John Rawls believes that a just society will rely
on markets and business firms for much of its economic activity—despite acknowledging that …

The spotlight has recently been shone on the statutory duties of directors of companies in
financial distress in Australia and New Zealand. In Australia, the 2023 Report on Corporate …

Certain insolvency law rules, like creditors' priorities and set-off rights, have a distributive
impact on creditors. Distributional rules reflect the hierarchies of values and interests in each …

Several countries and regions around the world, including Singapore, the United Kingdom,
and the European Union, are amending their restructuring framework to implement a pre …

Little has been achieved at the EU level and internationally to harmonise the various
approaches taken by national laws regarding the nature and extent of directors' obligations …

In this chapter, the author undertakes a critical analysis of mainstream agency theory, which
views corporate boards and by extension senior management as 'agents' for shareholders …

В результате реформы гражданского законодательства существенно изменились
положения Гражданского кодекса РФ об ответственности основного общества по …

Political theorists frequently utilize the 'firm–state analogy'(FSA) to support the arguments for
democratic governance in firms. This article presents the FSA as an analogy with both …

This book explores the role of institutions in economic growth, looking in particular at specific
Asian countries and at particular cities within those countries. It considers a wide range of …