Corporate Law and Corporate Governance
The Essential Role of Organizational Law
Henry Hansmann and Reinier Kraakman
- Year
- 2000
- Venue
- Yale Law Journal
- Level
- Advanced
Summary
Argues that organizational law's core economic function is asset partitioning: separating pools of assets and creditors' claims in ways that ordinary contract cannot easily replicate. The article explains why legal entities matter for enterprise organization, creditor protection, and the structure of firm finance.
Citation
Henry Hansmann and Reinier Kraakman. "The Essential Role of Organizational Law." Yale Law Journal, 2000.
BibTeX
@article{Hansmann2000The,
title = {The Essential Role of Organizational Law},
author = {Henry Hansmann and Reinier Kraakman},
year = {2000},
journal = {Yale Law Journal},
url = {https://openyls.law.yale.edu/handle/20.500.13051/8820}
}