| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w13109 |
| 来源ID | Working Paper 13109 |
| Putting the Corporation in its Place | |
| Timothy Guinnane; Ron Harris; Naomi R. Lamoreaux; Jean-Laurent Rosenthal | |
| 发表日期 | 2007-05-17 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | This article challenges the idea that the corporation is a globally superior form of business organization and that the Anglo-American common-law is more conducive to economic development than the code-based legal systems characteristic of continental Europe. Although the corporation had important advantages over the main alternative form of organization (partnerships), it also had disadvantages that limited its appeal to small- and medium-sized enterprises (SMEs). As a result, when businesses were provided with an intermediate choice, the private limited liability company (PLLC) that combined the advantages of legal personhood and joint stock with a flexible internal organizational structure, most chose not to organize as corporations. This article tracks the changes that occurred in the menu of business organizational forms in two common-law countries (the UK and the US) and two countries governed by legal codes (France and Germany) and presents data showing the rapidity with which firms in each country responded to enabling legislation for PLLCs. We show that the PLLC was introduced first and most easily in a code country (Germany) and last and with the most difficulty in a common-law country (the US). Late introduction was associated with prolonged use of the partnership form, suggesting that the disadvantages of corporations did indeed weigh heavily on SMEs. |
| 主题 | Other ; Law and Economics ; History ; Other History ; Development and Growth ; Country Studies |
| URL | https://www.nber.org/papers/w13109 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/570777 |
| 推荐引用方式 GB/T 7714 | Timothy Guinnane,Ron Harris,Naomi R. Lamoreaux,et al. Putting the Corporation in its Place. 2007. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w13109.pdf（212KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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