Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- Academy of legal studies in business (1)
- Agency law (1)
- Backlash (1)
- Best paper (1)
- Big short (1)
-
- Business ethics (1)
- Challenge academic orthodoxy (1)
- Citizens United (1)
- Civil conspiracy (1)
- Control person liability (1)
- Corporate animation (1)
- Corporate conspiracy (1)
- Corporate law (1)
- Corporate representative (1)
- Corporate shell (1)
- Corporate social responsibility (1)
- Criminal conspiracy (1)
- Criminal law (1)
- DOJ (1)
- Data (1)
- Distorted (1)
- Distorting (1)
- Equity (1)
- Executives (1)
- Financial crisis (1)
- Flannery (1)
- Gap in the literature (1)
- General motors (1)
- Haas school of business (1)
- Hardening (1)
Articles 1 - 2 of 2
Full-Text Articles in Business
Paper Dragon Thieves, J.S. Nelson
Paper Dragon Thieves, J.S. Nelson
J.S. Nelson
Developments in the law are making the corporate form more opaque and allowing the agents who animate it to escape individual accountability for their actions. The law now provides protection for agents to engage in widespread frauds that inflict massive harm on the public. This article challenges the academic orthodoxy that shareholder and director liability are enough to control agent behavior by developing a paper dragon analogy to focus on the importance of agents in corporate animation. Lack of agent accountability encourages the patterns of fraud that caused the financial crisis in which forty-five percent of the world’s wealth disappeared, …
Aom Aat Law Symposium Proposal (Final).Pdf, Adam J. Sulkowski, Constance E. Bagley, J.S. Nelson, Waddock S., Paul Shrivastava, Inara K. Scott
Aom Aat Law Symposium Proposal (Final).Pdf, Adam J. Sulkowski, Constance E. Bagley, J.S. Nelson, Waddock S., Paul Shrivastava, Inara K. Scott
J.S. Nelson
Law undergirds the capitalist system and is “at the interface” of business and social relationships
but remains largely walled off from many traditional approaches to management education,
scholarship, and practice. Although a simple definition of law is “enforceable rules between
individuals and individuals and society,” law is also amedium bywhich relationships among and
obligations between management and internal and external stakeholders are negotiated and
formalized. Law can also drive (or impede) innovation by creating new rights (or burdening new
business models with undue regulation) and promote (or prevent) social change by setting the
boundaries for acceptable corporate actions. Legal rules …