Law and History by Numbers: Use, But With Care

The Harvard Law School Forum on Corporate Governance and Financial Regulation 2013-12-20

Summary:

Editor's Note: Brian Cheffins is a Professor of Corporate Law at the University of Cambridge. This post is based on a paper co-authored by Professor Cheffins, Steven A. Bank, Paul Hastings Professor of Business Law at UCLA School of Law, and Harwell Wells of Temple University Beasley School of Law.

“Leximetrics,” which involves quantitative measurement of law, has become a prominent feature in empirical work done on comparative corporate governance, with particular emphasis being placed on the contribution that robust shareholder protection can make to a nation’s financial and economic development. Using this literature as our departure point, we are currently engaging in a leximetric analysis of the historical development of U.S. corporate law. Our paper, Law and History by Numbers: Use, But With Care, prepared for a University of Illinois College of Law symposium honoring Prof. Larry Ribstein, is part of this project. We identify in this paper various reasons for undertaking a quantitative, historically-oriented analysis of U.S. corporate law. The paper focuses primarily, however, on the logistical challenges associated with such an inquiry.

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Link:

http://blogs.law.harvard.edu/corpgov/2013/12/17/law-and-history-by-numbers-use-but-with-care/

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Tags:

academic research empirical research comparative corporate governance & regulation shareholder suits brian cheffins general governance governance indices delaware articles legal systems steven bank harwell wells

Authors:

Brian R. Cheffins, University of Cambridge,

Date tagged:

12/20/2013, 07:04

Date published:

12/17/2013, 09:13