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Full-Text Articles in Law
Legal Diversification, Kelli A. Alces
Legal Diversification, Kelli A. Alces
Scholarly Publications
The greatest protection investors have from the risks associated with capital investment is diversification. This Essay introduces a new dimension of diversification for investors: legal diversification. Legal diversification of investment means building a portfolio of securities that are governed by a variety of legal rules. Legal diversification protects investors from the risk that a particular method of minimizing agency costs will prove ineffective and allows investors to own securities in a variety of firms, with each security governed by the most efficient set of legal rules given the circumstances of the investment. Diversification of investment by legal rules is possible …
The False Promise Of Risk-Reducing Incentive Pay: Evidence From Executive Pensions And Deferred Compensation, Kelli A. Alces, Brian D. Galle
The False Promise Of Risk-Reducing Incentive Pay: Evidence From Executive Pensions And Deferred Compensation, Kelli A. Alces, Brian D. Galle
Scholarly Publications
No abstract provided.
Strengthening Investment In Public Corporations Through The Uncorporation, Kelli A. Alces
Strengthening Investment In Public Corporations Through The Uncorporation, Kelli A. Alces
Scholarly Publications
No abstract provided.
Debunking The Corporate Fiduciary Myth, Kelli A. Alces
Debunking The Corporate Fiduciary Myth, Kelli A. Alces
Scholarly Publications
No abstract provided.