TY - JOUR
T1 - Directing the directors
T2 - Assumptions about the effectiveness of corporate law
AU - Bottomley, Stephen
PY - 1999/11
Y1 - 1999/11
N2 - Directors are important economic actors. In recent years there has been considerable debate between Australian judges, legislators, and law reformers about the formulation of appropriate liability rules for company directors. This debate relies on a number of assumptions about the effect which law can and ought to have on directors' behaviour. This paper reviews the law, examines these assumptions, and concludes that we have little clear empirical information about the effect of the law in this area.
AB - Directors are important economic actors. In recent years there has been considerable debate between Australian judges, legislators, and law reformers about the formulation of appropriate liability rules for company directors. This debate relies on a number of assumptions about the effect which law can and ought to have on directors' behaviour. This paper reviews the law, examines these assumptions, and concludes that we have little clear empirical information about the effect of the law in this area.
UR - http://www.scopus.com/inward/record.url?scp=33747967214&partnerID=8YFLogxK
U2 - 10.1111/1467-8446.00051
DO - 10.1111/1467-8446.00051
M3 - Article
SN - 0004-8992
VL - 39
SP - 239
EP - 257
JO - Australian Economic History Review
JF - Australian Economic History Review
IS - 3
ER -