Reflections on the End of History for Corporate Law

 

Reflections on the End of History for Corporate Law


Henry Hansmann


Yale Law School; European Corporate Governance Institute (ECGI)

 

Reinier Kraakman


Harvard Law School; European Corporate Governance Institute

August 15, 2011

Convergence of Corporate Governance: Promise and Prospects, Abdul Rasheed and Toru Yoshikawa, eds., Palgrave-MacMillan, 2012
Yale Law & Economics Research Paper No. 449
Abstract: 

Our essay on The End of History for Corporate Law was originally written for a conference at Columbia University in 1997 that was organized to address a question that was then just beginning to attract substantial attention: “Are Corporate Governance Systems Converging?” There can of course be as many answers to that question as there are interpretations of the question itself. At a macro level, however, it seemed to us that there was an important sense in which the answer to this question was clearly “yes.” In our essay — with its hyperbolic title and somewhat more modulated text — we sought to expound that view. We now ask whether, 15 years after the End of History essay was written, the claims it makes still hold up.

Number of Pages in PDF File: 16

Keywords: corporate governance, convergence

JEL Classification: G38, K22, P12

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