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Full-Text Articles in Law
Consumer Lock-In And The Theory Of The Firm, David Yosifon
Consumer Lock-In And The Theory Of The Firm, David Yosifon
Faculty Publications
When shareholders invest in a corporation they become “locked-in” to the prospects of that firm. A shareholder cannot force the firm to buy back her shares, nor can she force it to dissolve and turn over her pro rata share of its assets. She gets nothing for her capital unless the firm profits and pays dividends, or she finds someone else willing to buy her stock. Corporate law scholars have recognized that capital “lock-in” is both a corporate law solution that enables large-scale business to flourish, and a corporate law problem that threatens the growth and proper governance of big …
Towards A Firm-Based Theory Of Consumption, David Yosifon
Towards A Firm-Based Theory Of Consumption, David Yosifon
Faculty Publications
Corporate theory typically construes consumption activity as involving a series of arms-length, atomistic transactions in which consumers exchange money for discrete corporate goods or services. Canonical accounts expect satisfied consumers to engage in repeat transactions, but the transactions themselves are (implicitly or explicitly) assumed to be isolated, fully contained dealings with the firm. Such a view of consumption supports the inference that consumers can readily manage their own interests in corporate operations through serial decisions to “take it,” “leave it,” repeat, or refuse to repeat patronization of a firm. This assessment plays an important part in justifying American corporate governance …
Corporate Record-Keepers And The Right Against Self-Incrimination: An Equitable Approach To Fifth Amendment Analysis, Katherine K. Andritsakis
Corporate Record-Keepers And The Right Against Self-Incrimination: An Equitable Approach To Fifth Amendment Analysis, Katherine K. Andritsakis
Santa Clara Law Review
No abstract provided.
Recent Developments In Corporate Criminal Liability, Samuel R. Miller, Lawrence C. Levine
Recent Developments In Corporate Criminal Liability, Samuel R. Miller, Lawrence C. Levine
Santa Clara Law Review
No abstract provided.