This book is a concise analytical overview of the field of corporate law. The authors start from the premise that corporate (or company) law across jurisdictions addresses the same three basic agency problems: (1) the opportunism of managers vis-à-vis shareholders; (2) the opportunism of controlling shareholders vis-à-vis minority shareholders; and (3) the opportunism of shareholders as a class vis-à-vis other corporate constituencies, such as corporate creditors and employees.
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Reinier Kraakman is a Professor at Harvard Law School, Paul Davies is a Professor at the London School of Economics and Political Science, Henry Hansmann is a Professor at Yale Law School, Gerard Hertig is a Professor at the Swiss Institute of Technology, Klaus J. Hopt is Director of the Max-Planck Institute Hamburg, Hideki Kanda is a Professor at University of Tokyo Faculty of Law, and Edward B. Rock is a Professor at University of Pennsylvania Law School
... will lay the groundwork for the corporate law debates of the coming decade ... It is hard to overstate the significance of this project ... The great virtue of The Anatomy of Corporate Law is that its typology of strategies provides a simple, user-friendly way to compare the corporate law regimes of a wide range of different countries ... almost as remarkable as the typology itself is the clarity and elegance of the analysis. Yale Law Journal ... to a remarkable extent, The Anatomy of Corporate Law reads as if it were written by a single author ... It has the same clear, streamlined tone throughout. Yale Law Journal ... the book's ten-part anatomy will soon become the lingua franca of corporate law discourse. Yale Law Journal The Anatomy of Corporate Law is likely to have a particularly profound influence on the corporate finance literature ... A great virtue is that it provides a simple set of tools for understanding all of corporate governance, and thus offers precisely the kind of tractability that economists look for. Given that it is both simple and comprehensive, the authors' ten-part typology will appeal at least as much to economists as to legal scholars. Yale Law Journal The Anatomy of Corporate Law is the most important corporate law book of the decade ... The ten-part typology will provide the next generation of corporate law scholars and policymakers with a framework for understanding the characteristic dilemmas of corporate enterprise. For comparative corporate law scholarship, the future starts here. Yale Law Journal
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