Corporate Law’s Critical Junctures
cam.depositDate | 2021-12-17 | |
cam.issuedOnline | 2022-01-14 | |
cam.oa.sap | oa_rrs_na | |
cam.orpheus.counter | 38 | |
cam.orpheus.success | 2023-07-03: Removing from embargo update task | |
dc.contributor.author | Bank, Steven A | |
dc.contributor.author | Cheffins, Brian R | |
dc.contributor.orcid | Cheffins, Brian [0000-0001-7417-7368] | |
dc.date.accessioned | 2021-12-18T00:31:22Z | |
dc.date.available | 2021-12-18T00:31:22Z | |
dc.date.issued | 2022-01-21 | |
dc.date.updated | 2021-12-17T10:11:03Z | |
dc.description.abstract | What 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.sponsorship | None | |
dc.identifier.doi | 10.17863/CAM.79065 | |
dc.identifier.issn | 0007-6899 | |
dc.identifier.uri | https://www.repository.cam.ac.uk/handle/1810/331613 | |
dc.language.iso | eng | |
dc.publisher | American Bar Association | |
dc.publisher.department | Faculty of Law | |
dc.publisher.url | https://www.americanbar.org/groups/business_law/resources/business-lawyer/2022-winter/ | |
dc.rights | All Rights Reserved | |
dc.rights.uri | https://www.rioxx.net/licenses/all-rights-reserved/ | |
dc.subject | corporate law | |
dc.subject | COVID-19 | |
dc.subject | critical junctures | |
dc.subject | law reform | |
dc.subject | securities law | |
dc.subject | share prices | |
dc.title | Corporate Law’s Critical Junctures | |
dc.type | Article | |
dcterms.dateAccepted | 2021-09-01 | |
prism.publicationDate | 2021 | |
prism.publicationName | Business Lawyer | |
pubs.licence-display-name | Apollo Repository Deposit Licence Agreement | |
pubs.licence-identifier | apollo-deposit-licence-2-1 | |
rioxxterms.type | Journal Article/Review | |
rioxxterms.version | AM |
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