September 30, 2025Journal of Institutional Economics

Corporate law as public policy

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JHJonathan HardmanUniversity of Auckland

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Implication

The paper reveals corporate law's role as public policy in shaping legal features and corporate behavior, implying the state's influence on societal harms.

Key Points

Corporate law serves as a public policy tool balancing state and corporation roles, impacting social outcomes.
The state provides essential legal features like limited liability and separate legal personality to ensure public benefits.
Modern corporate law theory often overlooks the state's foundational role in shaping corporations and their behaviors.
Recognizing corporate law as a public policy outcome highlights the state's culpability in social harms caused by corporations.

Cite This Study

Jonathan Hardman (2025) studied this question.

synapsesocial.com/papers/68dc261d8a7d58c25ebb2b07 https://doi.org/10.1017/s1744137425100271

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Implication

The paper reveals corporate law's role as public policy in shaping legal features and corporate behavior, implying the state's influence on societal harms.

Corporate law as public policy

Discussion

Member takes

Implication

Key Points

Cite This Study

Corporate law as public policy

Discussion

Member takes

Implication

Key Points

Cite This Study

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Also Consider