Matches in SemOpenAlex for { <https://semopenalex.org/work/W175122673> ?p ?o ?g. }
Showing items 1 to 96 of
96
with 100 items per page.
- W175122673 startingPage "365" @default.
- W175122673 abstract "We examine the cooperative production of corporate governance. We explain that this production does not occur exclusively within a “team” or “firm.” Rather, several aspects of corporate governance are quintessentially market products. Like Blair and Stout, we view the shareholder as but one of many stakeholders in a corporation. Where we depart from their analysis is in our view of the boundaries of a firm. We suggest that they overweight the intrafirm production of control. Focusing on the primacy of a board of directors, Blair and Stout posit a hierarchical team that governs the economic enterprise. We observe, however, that for many of the most important governance decisions there is, in fact, no hierarchy. In those cases, governance emerges from an intertwined series of market transactions. To use the nomenclature of Blair and Stout, there are many players, but there is no coach, and thus, no “team.” Rather, the firm is controlled by a series of relationships—some of which are governed within the firm and some of which are governed and enforced externally. Ours, then, is a true Coasean framework, suggesting that important implications arise when we differentiate cases where the value of market discipline on stakeholders exceeds the large transaction costs that could be reduced by integration or team creation from cases where the opposite is true. We provide some preliminary conclusions on those implications. * Assistant Professor of Law and Michael J. Marks Professor of Law and Aaron Director Teaching Scholar, University of Chicago Law School, respectively. Thank you to workshop participants at the faculty workshop at the University of Chicago and at the Berle Symposium for their helpful suggestions. Thank you to Adam Badawi, William Hubbard, Randy Picker, and Mark Templeton for their comments as well. 366 Seattle University Law Review [Vol. 38:365 “Yet having regard to the fact that if production is regulated by price movements, production could be carried on without any organization at all, well might we ask, why is there any organization?” -Ronald H. Coase, The Nature of the Firm" @default.
- W175122673 created "2016-06-24" @default.
- W175122673 creator A5004643519 @default.
- W175122673 creator A5089634103 @default.
- W175122673 date "2015-01-01" @default.
- W175122673 modified "2023-09-24" @default.
- W175122673 title "The Boundaries of 'Team' Production of Corporate Governance" @default.
- W175122673 hasPublicationYear "2015" @default.
- W175122673 type Work @default.
- W175122673 sameAs 175122673 @default.
- W175122673 citedByCount "0" @default.
- W175122673 crossrefType "journal-article" @default.
- W175122673 hasAuthorship W175122673A5004643519 @default.
- W175122673 hasAuthorship W175122673A5089634103 @default.
- W175122673 hasConcept C119857082 @default.
- W175122673 hasConcept C120757647 @default.
- W175122673 hasConcept C121955636 @default.
- W175122673 hasConcept C144024400 @default.
- W175122673 hasConcept C144133560 @default.
- W175122673 hasConcept C162324750 @default.
- W175122673 hasConcept C175444787 @default.
- W175122673 hasConcept C17744445 @default.
- W175122673 hasConcept C187736073 @default.
- W175122673 hasConcept C190253527 @default.
- W175122673 hasConcept C199360897 @default.
- W175122673 hasConcept C199539241 @default.
- W175122673 hasConcept C201305675 @default.
- W175122673 hasConcept C25253098 @default.
- W175122673 hasConcept C2775924081 @default.
- W175122673 hasConcept C2776291640 @default.
- W175122673 hasConcept C2776662940 @default.
- W175122673 hasConcept C2778348171 @default.
- W175122673 hasConcept C2778348673 @default.
- W175122673 hasConcept C31170391 @default.
- W175122673 hasConcept C34447519 @default.
- W175122673 hasConcept C39389867 @default.
- W175122673 hasConcept C41008148 @default.
- W175122673 hasConcept C75949130 @default.
- W175122673 hasConcept C79202496 @default.
- W175122673 hasConcept C98965940 @default.
- W175122673 hasConceptScore W175122673C119857082 @default.
- W175122673 hasConceptScore W175122673C120757647 @default.
- W175122673 hasConceptScore W175122673C121955636 @default.
- W175122673 hasConceptScore W175122673C144024400 @default.
- W175122673 hasConceptScore W175122673C144133560 @default.
- W175122673 hasConceptScore W175122673C162324750 @default.
- W175122673 hasConceptScore W175122673C175444787 @default.
- W175122673 hasConceptScore W175122673C17744445 @default.
- W175122673 hasConceptScore W175122673C187736073 @default.
- W175122673 hasConceptScore W175122673C190253527 @default.
- W175122673 hasConceptScore W175122673C199360897 @default.
- W175122673 hasConceptScore W175122673C199539241 @default.
- W175122673 hasConceptScore W175122673C201305675 @default.
- W175122673 hasConceptScore W175122673C25253098 @default.
- W175122673 hasConceptScore W175122673C2775924081 @default.
- W175122673 hasConceptScore W175122673C2776291640 @default.
- W175122673 hasConceptScore W175122673C2776662940 @default.
- W175122673 hasConceptScore W175122673C2778348171 @default.
- W175122673 hasConceptScore W175122673C2778348673 @default.
- W175122673 hasConceptScore W175122673C31170391 @default.
- W175122673 hasConceptScore W175122673C34447519 @default.
- W175122673 hasConceptScore W175122673C39389867 @default.
- W175122673 hasConceptScore W175122673C41008148 @default.
- W175122673 hasConceptScore W175122673C75949130 @default.
- W175122673 hasConceptScore W175122673C79202496 @default.
- W175122673 hasConceptScore W175122673C98965940 @default.
- W175122673 hasIssue "2" @default.
- W175122673 hasLocation W1751226731 @default.
- W175122673 hasOpenAccess W175122673 @default.
- W175122673 hasPrimaryLocation W1751226731 @default.
- W175122673 hasRelatedWork W134649257 @default.
- W175122673 hasRelatedWork W146257324 @default.
- W175122673 hasRelatedWork W1486899859 @default.
- W175122673 hasRelatedWork W1520660292 @default.
- W175122673 hasRelatedWork W1970873104 @default.
- W175122673 hasRelatedWork W1985853414 @default.
- W175122673 hasRelatedWork W2075529990 @default.
- W175122673 hasRelatedWork W2099374622 @default.
- W175122673 hasRelatedWork W2189586336 @default.
- W175122673 hasRelatedWork W2356156068 @default.
- W175122673 hasRelatedWork W2790695325 @default.
- W175122673 hasRelatedWork W3122052446 @default.
- W175122673 hasRelatedWork W3123122769 @default.
- W175122673 hasRelatedWork W3140016872 @default.
- W175122673 hasRelatedWork W565994725 @default.
- W175122673 hasRelatedWork W644969004 @default.
- W175122673 hasRelatedWork W72880394 @default.
- W175122673 hasRelatedWork W787898471 @default.
- W175122673 hasRelatedWork W3125443023 @default.
- W175122673 hasRelatedWork W3141439654 @default.
- W175122673 hasVolume "38" @default.
- W175122673 isParatext "false" @default.
- W175122673 isRetracted "false" @default.
- W175122673 magId "175122673" @default.
- W175122673 workType "article" @default.