This book includes the proceedings of the conference on ‘Changing
Perspectives on Corporate Law and Economics’, held in Rotterdam on 6
November 2008 in honour of one of the founders of the economic analysis
of law, Guido Calabresi. The collection is made up of six main contributions
and six shorter comments by the speakers who acted as discussants.
The subject matter of the book – corporate governance – is one of the
most heated topics in the economic analysis of law. In the aftermath of the
largest global fi nancial crisis after the 1930s, the negative consequences of
which we are still experiencing, the connection between law and corporate
fi nance has been evident from the news. More generally, this connection
is extremely important for the governance of enterprises, which aff ects not
only the fi nancial markets, but also the effi ciency of production, economic
growth, and the overall well- being of our societies.
In addressing the above issues, this book takes an interdisciplinary perspective.
Economic analysis of law is a fruitful intellectual challenge for
economists and lawyers alike. It off ers new views on legal and economic
theory, questioning or reinforcing the traditional ones. It enhances the
quality of counselling available to individuals and businesses. It allows
policymakers to design better rules for society. Above all, in corporate
governance, research, practice, and lawmaking are all based on the interaction
of economics with the law. The present collection of chapters is an
exemplary illustration of the virtues of this approach.