Enterprise Law

Contracts, Markets, and Laws in the US and Japan

Inbunden, Engelska, 2014

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Enterprise law represents the entire range of private contracts and public regulations governing the relationship of different capital providers. Enterprise Law comparatively analyses the way these fundamental legal frameworks complement each other in the United States and Japan.In this collection of essays edited by Professor Zenichi Shishido, a wide range of leading scholars examine the firm as an incentive mechanism and show how law the whole legal system affect the incentive bargain between the firm's major players, positively with markets and social norms. They establish that enterprise law is not always effective in its attempt to affect the incentive bargain of the firm by itself, but instead works by interacting complementarily with markets and social norms.Demonstrating the dynamic relationship between parts and the whole of enterprise law, this exceptional book will be of special interest to comparative law, and law and economics scholars and students.Contributors: K.M. Ayotte, K.G. Dau-Schmidt, T. Eguchi, B.C. Ellis, D. Gamage, M.P. Gergen, G. Goto, B.E. Hermalin, Y. Higashi, A. Hoshi, H. Iida, H. Itoh, H.E. Jackson, T. Kitagawa, C.J. Milhaupt, H. Miyajima, E.R. Morrison, S. Osaki, K. Osugi, J.M. Ramseyer, S. Rana, R. Romano, K. Sekiguchi, Z. Shishido, W. Tanaka, A. Tokutsu, G. Triantis, J.H. Verkerke, T. Watanabe, N. Yanagawa

Produktinformation

Utgivningsdatum2014-08-29
FormatInbunden
SpråkEngelska
FörlagEdward Elgar Publishing Ltd
ISBN9781781004449

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Contents:Introduction: The Incentive Bargain of the Firm and Enterprise Law: A Nexus of Contracts, Markets, and LawsZenichi ShishidoPART I: THE INCENTIVE BARGAINING BETWEEN EMPLOYEES AND MANAGEMENT1. What We Know (and Don’t Know) About How Employment Protection Laws Affects EmploymentJ.H. Verkerke2. Complementarity among the Abusive Dismissal Rule, Company Community Norms, and an Illiquid External Labor Market: Transformation of Directors’ Fiduciary Duty under Japanese Corporate LawToru Kitagawa3. The Relative Bargaining Power of Employers and Unions in the Global Information Age: A Comparative Analysis of the United States and JapanKenneth G. Dau-Schmidt and Benjamin C. Ellis4. Employee Stock Purchase Plan in JapanYosuke HigashiCommentsHideshi ItohPART II: THE INCENTIVE BARGAINING BETWEEN CREDITORS AND MANAGEMENT5. The Role of Debt in the Governance of US Business CorporationsGeorge Triantis6. Senior Creditor Control in Chapter 11Kenneth M. Ayotte and Edward R. Morrison7. Cramdown v. Extinguishing Security Interests: Secured Claims in Bankruptcy in the United States and JapanWataru Tanaka8. Reduction of Retirees’ Benefits upon the Reorganization of a CompanyGen GotoCommentsNoriyuki YanagawaPART III: THE INCENTIVE BARGAINING BETWEEN SHAREHOLDERS AND MANAGEMENT9. Takeover Law and Managerial Incentives in the United States and JapanCurtis J. Milhaupt10. Management–Shareholder Relations in Japan: What’s Next after Cross-Shareholdings?Takaaki Eguchi11. Regulation of Bank Shareholding: A Functional and Historical AnalysisAkira Tokutsu12. Reappraising the Role of Appraisal RemedyHidefusa Iida and Kenichi Sekiguchi 13. Appraisal or Injunction? Corporate Takeovers under Uncertain Judicial ValuationAkio Hoshi14. Stagnant Japan? Why Outside (Independent) Directors Have Been Rare in Japanese CompaniesKenichi OsugiCommentsHideaki MiyajimaPART IV: THE ROLES OF GOVERNMENTS15. Taxation and Incentives in the Business EnterpriseDavid Gamage and Shruti Rana16. Income Tax and Incentives for Corporate Transactions: A Japanese PerspectiveTetsuya Watanabe17. Tax Law Influences on the Form and Substance of Equity Compensation in the United StatesMark P. Gergen18. Public Enforcement: An Update of Literature on Resource-Based EvidenceHowell E. Jackson19. Transparency and Corporate GovernanceBenjamin E. Hermalin20. Reverse Engineering SOX versus J-SOX: A Lesson in Legislative PolicyZenichi Shishido and Sadakazu Osaki 21. Regulating in the DarkRoberta RomanoCommentsNoriyuki YanagawaGeneral CommentsMark RamseyerIndex