ⅠTheoryoftheFirmandCapitalMarkets,1
A.TheoryoftheFirm,4
TheoryoftheFirm:ManagerialBehavior,Agency
Costs,and
OwnershipStructure,4
MichaelC.JensenandWilliamH.Meckling
TransactionCostEconomics,9
OliverE.Williamson
OwnershipoftheFirm,15
HenryHansmann
NotesandQuestions,22
B.TheoryofCapitalMarkets,26
FromARandomWalkDownWallStreet,26
BurtonG.Malkiel
FromCorporateFinance,43
StephenA.Ross,RandolphW.Westerfield,and
JeffreyF.Jaffe
NotesandQuestions,57
ⅡLegalCharacteristicsoftheCorporation:Limited
Liability,61
LimitedLiabilityandtheCorporation,62
FrankH.EasterbrookandDanielR.Fischel
LimitedLiabilityintheTheoryoftheFirm,70
SusanE.Woodward
TowardUnlimitedShareholderLiabilityfor
Corporate
Torts,73
HenryHansmannandReinierKraakman
NotesandQuestions,78
ⅢTheProductionofCorporationLaws,82
A.StateCompetitionforCorporateCharters,84
TheStateCompetitionDebateinCorporateLaw,84
RobertaRomano
TowardanInterestGroupTheoryofDelaware
Corporate
Law,90
JonathanR.MaceyandGeoffreyP.Miller
NotesandQuestions,93
B.TheStructureofCorporationLaws,96
TheCorporateContract,96
FrankH.EasterbrookandDanielR.Fischel
TheMandatoryStructureofCorporateLaw,104
JeffreyN.Gordon
TheMandatory/EnablingBalanceinCorporateLaw:An
Essay
ontheJudicialRole,111
JohnC.Coffee,Jr.
NotesandQuestions,113
ⅣFinancingtheCorporation,119
OnFinancialContracting:AnAnalysisofBond
Covenants,121
CliffordW.Smith,Jr.,andJeroldB.Warner
ContractualResolutionofBondholder-Stockholder
Conflicts
inLeveragedBuyouts,128
KennethLehnandAnnettePoulsen
ActiveInvestors,LBOs,andthePrivatizationof
Bankruptcy,130
MichaelC.Jensen
TheStructureandGovernanceofVentureCapital
Organizations,132
WilliamA.Sahlman
TwoAgency-CostExplanationsofDividends,138
FrankH.Easterbrook
NotesandQuestions,140
ⅤInternalGovernanceStructures,146
A.BoardsofDirectorsandFiduciaryDuties,148
CorporateGovernance,148
OliverE.Williamson
IncentiveandTaxEffectsofExecutiveCompensation
Plans,155
CliffordW.Smith,Jr.andRossL.Watts
TheShareholderSuit:LitigationWithout
Foundation?,162
RobertaRomano
Does"Unlawful"Mean"Criminal"?:Reflectionson
the
DisappearingTort/CrimeDistinctioninAmerican
Law,173
JohnC.Coffee,Jr.,
NotesandQuestions,179
B.ShareholderVotingRightsandtheExerciseof
Voice,187
VotinginCorporateLaw,187
FrankH.EasterbrookandDanielR.Fischel
TiesthatBond:DualClassCommonStockandthe
Problemof
ShareholderChoice,192
JeffreyN.Gordon
ProxyContestsandtheEfficiencyofShareholder
Oversight,197
JohnPound
APoliticalTheoryofAmericanCorporateFinance,
206
MarkJ.Roe
AgentsWatchingAgents:ThePromiseof
Institutional
InvestorVoice,210
BernardS.Black
ActiveInvestors,LBOs,andthePrivatizationof
Bankruptcy,
213
MichaelC.Jensen
NotesandQuestions,214
ⅥExternalGovernanceStructures:TheMarketfor
Corporate
Control,221
A.TheoriesandEvidence,223
MergersandtheMarketforCorporateControl,223
HenryG.Manne
Takeovers:TheirCausesandConsequences,225
MichaelC.Jensen
BreachofTrustinHostileTakeovers,228
AndreiShleiferandLawrenceH.Summers
RiskReductionasaManagerialMotivefor
Conglomerate
Mergers,232
YakovAmihudandBaruchLev
TheHubrisHypothesisofCorporateTakeovers,233
RichardRoll
TheMarketforCorporateControl:TheScientific
Evidence,235
MichaelC.JensenandRichardS.Ruback
TheMarketforCorporateControl:TheEmpirical
Evidence
Since1980,242
GreggA.Jarrell,JamesA.Brickley,andJeffry
M.Netter
HostileTakeoversinthe1980s:TheReturnto
Corporate
Specialization,245
SanjaiBhagat,AndreiShleifer,andRobertW.
Vishny
NotesandQuestions,248
B.Management’sFiduciaryDutyandTakeover
Defenses,258
TheProperRoleofaTarget’sManagementin
Respondingtoa
TenderOffer,258
FrankH.EasterbrookandDanielR.Fischel
SeekingCompetitiveBidsVersusPurePassivityin
Tender
OfferDefense,262
RonaldJ.Gilson
TheCaseforFacilitatingCompetingTenderOffers:
AReply
andExtension,265
LucianA.Bebchuk
TheMarketforCorporateControl:TheEmpirical
Evidence
Since1980,267
GreggA.Jarrell,JamesA.Brickley,andJeffry
M.Netter
TheWealthEffectsofSecond-GenerationState
Takeover
Legislation,272
JonathanM.KarpoffandPaulH.Malatesta
TheFutureofHostileTakeovers:Legislationand
Public
Opinion,278
RobertaRomano
NotesandQuestions,285
ⅦSecuritiesRegulation,293
A.DisclosureRegulation,295
MandatoryDisclosureandtheProtectionof
Investors,295
FrankH.EasterbrookandDanielR.Fischel
MarketFailureandtheEconomicCasefora
Mandatory
DisclosureSystem,301
JohnC.Coffee,Jr.
TheEffectofthe1933SecuritiesActonInvestor
Information
andthePerformanceofNewIssues,303
CarolJ.Simon
NotesandQuestions,305
B.InsiderTradingRegulation,310
InsiderTrading:Rule10b-5,Disclosure,and
Corporate
Privacy,310
KennethE.Scott
TheRegulationofInsiderTrading,313
DennisW.CarltonandDanielR.Fischel
NotesandQuestions,317