Economics of Corporate Law

Edited by Claire A. Hill, Professor and James L. Krusemark Chair in Law and Brett H. McDonnell, Professor and Dorsey & Whitney Chair in Law, University of Minnesota Law School, US

Contents: Introduction Claire A. Hill and Brett McDonnell PART I ECONOMICS OF THE FIRM 1. Ronald Coase (1937), 'The Nature of the Firm', Economica, 4, 386-405 2. Michael C. Jensen and William H. Meckling (1976), 'Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure', Journal of Financial Economics, 3 (4), October, 305-60 3. Oliver Williamson (1984), 'Corporate Governance', Yale Law Journal, 93 (7), June, 1197-230 PART II THE BOARD AND PURPOSE 4. A.A. Berle, Jr. (1931), 'Corporate Powers as Powers in Trust', Harvard Law Review, XLIV (7), May, 1049-74 5. E. Merrick Dodd, Jr. (1932), 'For Whom are Corporate Managers Trustees?', Harvard Law Review, XLV (7), May, 1145-63 6. Stephen M. Bainbridge (2003), 'Director Primacy: The Means and Ends of Corporate Governance', Northwestern University Law Review, 97 (2), 547-606 7. Margaret M. Blair and Lynn A. Stout (1999), 'A Team Production Theory of Corporate Law', Virginia Law Review, 85 (2), March, 247-328 8. Sanjai Bhagat and Bernard Black (1999), 'The Uncertain Relationship Between Board Composition and Firm Performance', Business Lawyer, 54 (3), May, 921-63 9. Donald C. Langevoort (2001), 'The Human Nature of Corporate Boards: Law, Norms, and the Unintended Consequences of Independence and Accountability', Georgetown Law Journal, 89, 797-832 PART III STATE COMPETITION 10. William L. Cary (1974), 'Federalism and Corporate Law: Reflections Upon Delaware', Yale Law Journal, 83 (4), March, 663-705 11. Ralph K. Winter, Jr. (1977), 'State Law, Shareholder Protection, and the Theory of the Corporation', Journal of Legal Studies, 6 (2), June, 251-92 12. Roberta Romano (1985), 'Law as a Product: Some Pieces of the Incorporation Puzzle', Journal of Law, Economics, and Organization, 1 (2), Fall, 225-83 13. Bernard S. Black (1990), 'Is Corporate Law Trivial?: A Political and Economic Analysis', Northwestern University Law Review, 84 (2), 542-97 14. Robert Daines (2001), 'Does Delaware Law Improve Firm Value?', Journal of Financial Economics, 62 (3), December, 525-58 15. Ehud Kamar (1998), 'A Regulatory Competition Theory of Indeterminacy in Corporate Law', Columbia Law Review, 98 (8), December, 1908-59 16. Mark J. Roe (2003), 'Delaware's Competition', Harvard Law Review, 117 (2), December, 588-646 Volume II An introduction to both volumes by the editors appears in Volume I PART 1 TAKEOVERS AND TAKEOVER DEFENCES 1. Henry G. Manne (1965), 'Mergers and the Market for Corporate Control', Journal of Political Economy, 73 (2), April, 110-20 2. Frank H. Easterbrook and Daniel R. Fischel (1981), 'The Proper Role of a Target's Management in Responding to a Tender Offer', Harvard Law Review, 94 (6), April, 1161-204 3. Ronald J. Gilson and Reinier Kraakman (1989), 'Delaware's Intermediate Standard for Defensive Tactics: Is There Substance to Proportionality Review?', Business Lawyer, 44 (2), February, 247-74 4. Jeffrey N. Gordon (1997), '"Just Say Never?" Poison Pills, Deadhand Pills, and Shareholder-Adopted Bylaws: An Essay for Warren Buffett', Cardozo Law Review, 19 (1-2), September-November, 511-52 5. Lucian Arye Bebchuk, John C. Coates IV and Guhan Subramanian (2002), 'The Powerful Antitakeover Force of Staggered Boards: Theory, Evidence, and Policy', Stanford Law Review, 54 (5), May, 887-951 PART II SHAREHOLDER SUITS AND OTHER AGENCY MECHANISMS 6. Janet Cooper Alexander (1991), 'Do the Merits Matter? A Study of Settlements in Securities Class Actions', Stanford Law Review, 43 (3), February, 497-598 7. Melvin Aron Eisenberg (1993), 'The Divergence of Standards of Conduct and Standards of Review in Corporate Law', Fordham Law Review, 62 (3), 437-68 8. Edward B. Rock (1997), 'Saints and Sinners: How Does Delaware Corporate Law Work?', UCLA Law Review, 44, 1009-107 9. Bernard Black, Brian Cheffins and Michael Klausner (2006), 'Outside Director Liability', Stanford Law Review, 58 (4), February, 1055-159 1