Repository logo
 

Corporate Law’s Critical Junctures

cam.depositDate2021-12-17
cam.issuedOnline2022-01-14
cam.oa.sapoa_rrs_na
cam.orpheus.counter38
cam.orpheus.success2023-07-03: Removing from embargo update task
dc.contributor.authorBank, Steven A
dc.contributor.authorCheffins, Brian R
dc.contributor.orcidCheffins, Brian [0000-0001-7417-7368]
dc.date.accessioned2021-12-18T00:31:22Z
dc.date.available2021-12-18T00:31:22Z
dc.date.issued2022-01-21
dc.date.updated2021-12-17T10:11:03Z
dc.description.abstractWhat accounts for substantial legal change? With corporate law, many think a stock market crash is key. But not all crashes lead to reform. So, what else is necessary? This paper uses a “critical junctures” model borrowed from social science to explain when and why major corporate law change happens. The model indicates that a combination of a lengthy period of depressed share prices and a perception that business wrongdoing was integrally related to the slump are required to create the window of opportunity for significant and enduring reform. It follows that the COVID-19 pandemic is unlikely to serve as a catalyst for major changes to corporate law.
dc.description.sponsorshipNone
dc.identifier.doi10.17863/CAM.79065
dc.identifier.issn0007-6899
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/331613
dc.language.isoeng
dc.publisherAmerican Bar Association
dc.publisher.departmentFaculty of Law
dc.publisher.urlhttps://www.americanbar.org/groups/business_law/resources/business-lawyer/2022-winter/
dc.rightsAll Rights Reserved
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/
dc.subjectcorporate law
dc.subjectCOVID-19
dc.subjectcritical junctures
dc.subjectlaw reform
dc.subjectsecurities law
dc.subjectshare prices
dc.titleCorporate Law’s Critical Junctures
dc.typeArticle
dcterms.dateAccepted2021-09-01
prism.publicationDate2021
prism.publicationNameBusiness Lawyer
pubs.licence-display-nameApollo Repository Deposit Licence Agreement
pubs.licence-identifierapollo-deposit-licence-2-1
rioxxterms.typeJournal Article/Review
rioxxterms.versionAM

Files

Original bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
Critical_Junctures_June2021_SSRN.pdf
Size:
1.05 MB
Format:
Adobe Portable Document Format
Description:
Accepted version
Licence
https://www.rioxx.net/licenses/all-rights-reserved/