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The Odd Couple: Delaware and Public Benefit Corporations

Michael B. Dorff

in The Corporate Contract in Changing Times: Is the Law Keeping Up?

Published in print:
2019
Published Online:
September 2019
ISBN:
9780226599403
eISBN:
9780226599540
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226599540.003.0004
Subject:
Law, Company and Commercial Law

Public Benefit Corporations (“PBCs”) are a revolutionary new form of business organization that overturn the fundamental corporate principle of shareholder wealth maximization. Of the many questions ... More


The Nomenclature of Enterprise: A Taxonomy of Modern Business Firms

Eric W Orts

in Business Persons: A Legal Theory of the Firm

Published in print:
2013
Published Online:
September 2013
ISBN:
9780199670918
eISBN:
9780191749599
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199670918.003.0006
Subject:
Business and Management, Organization Studies

This chapter first provides a background understanding of firms as participating in “production metamarkets” that serve widespread and usually global “consumption markets.” It then presents a menu of ... More


Benefit Corporations: Reimagining Corporate Responsibility

Jane L. Collins

in The Politics of Value: Three Movements to Change How We Think about the Economy

Published in print:
2017
Published Online:
September 2017
ISBN:
9780226446004
eISBN:
9780226446288
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226446288.003.0003
Subject:
Sociology, Economic Sociology

The benefit corporation movement began in 2007 as an effort to create a new kind of corporate charter that not only allows, but requires, firms to consider how their actions affect workers, ... More


Evaluating the Current Menu of Legal Forms for Social Enterprise

Dana Brakman Reiser and Steven A. Dean

in Social Enterprise Law: Trust, Public Benefit and Capital Markets

Published in print:
2017
Published Online:
October 2017
ISBN:
9780190249786
eISBN:
9780190249816
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190249786.003.0004
Subject:
Law, Company and Commercial Law

This chapter shows why legal forms recently developed to house social enterprise, such as the benefit corporation, leave social mission vulnerable to unilateral termination. Benefit corporation ... More


Corporate Governance beyond Economics

Elizabeth Pollman

in The Corporate Contract in Changing Times: Is the Law Keeping Up?

Published in print:
2019
Published Online:
September 2019
ISBN:
9780226599403
eISBN:
9780226599540
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226599540.003.0008
Subject:
Law, Company and Commercial Law

In recent years, changes to state and federal law have increased pressure on corporate law to serve as an ordering mechanism for interests and values beyond economics. On the federal front, two U.S. ... More


The Common Good and Common Ground

Jonathan H. Marks

in The Perils of Partnership: Industry Influence, Institutional Integrity, and Public Health

Published in print:
2019
Published Online:
March 2019
ISBN:
9780190907082
eISBN:
9780190907112
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190907082.003.0003
Subject:
Philosophy, Moral Philosophy

This chapter reviews the related notions of the common good, the public good, and the public interest. Although corporations can contribute to the common good, they are not guardians of the common ... More


The Postmodern Corporation

Ronald J. Colombo

in The First Amendment and the Business Corporation

Published in print:
2014
Published Online:
November 2014
ISBN:
9780199335671
eISBN:
9780199361915
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199335671.003.0004
Subject:
Law, Constitutional and Administrative Law, Company and Commercial Law

Chapter 3 introduces the postmodern corporation, a recent addition to the corporate landscape. Whereas the modern corporation is characterized primarily by the drive to maximize shareholder profits, ... More


Reconciling Corporate Social Responsibility and Profitability: Guidelines for the Conscientious Manager

Paul Brest

in Philanthropy in Democratic Societies: History, Institutions, Values

Published in print:
2016
Published Online:
May 2017
ISBN:
9780226335506
eISBN:
9780226335780
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226335780.003.0006
Subject:
Sociology, Economic Sociology

The chapter first reviews the legal and economic background of corporate social responsibility (CSR), beginning with an essay by Milton Friedman that highlights the tensions between corporate ... More


The Unfolding of a Predictable Defined Benefit Surprise

Sylvester J. Schieber

in The Predictable Surprise: Unraveling the U.S. Retirement System

Published in print:
2012
Published Online:
April 2015
ISBN:
9780199890958
eISBN:
9780190261382
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780199890958.003.0018
Subject:
Economics and Finance, Microeconomics

This chapter examines the evolution of price-to-earnings ratios for corporate stocks in the United States from 1981 through the third quarter of 2010. It shows that from the time policymakers started ... More


The Politics of Value: Three Movements to Change How We Think about the Economy

Jane L. Collins

Published in print:
2017
Published Online:
September 2017
ISBN:
9780226446004
eISBN:
9780226446288
Item type:
book
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226446288.001.0001
Subject:
Sociology, Economic Sociology

The Great Recession not only shook Americans’ faith in the economy but also prompted a “citizen’s critique” of our economic institutions. The Politics of Value provides a vivid account of three ... More


Challenges Facing Willing Firms

Timothy Birabi

in Responsibility Beyond Growth: A Case for Responsible Stagnation

Published in print:
2020
Published Online:
January 2021
ISBN:
9781529208177
eISBN:
9781529208375
Item type:
chapter
Publisher:
Policy Press
DOI:
10.1332/policypress/9781529208177.003.0007
Subject:
Economics and Finance, Development, Growth, and Environmental

There is an increasing appetite for responsibility and accountability within the current corporate, however, it is not so clear how much accountability can be given away before the conversation ... More


Social Enterprise Law: Trust, Public Benefit and Capital Markets

Dana Brakman Reiser and Steven A. Dean

Published in print:
2017
Published Online:
October 2017
ISBN:
9780190249786
eISBN:
9780190249816
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190249786.001.0001
Subject:
Law, Company and Commercial Law

Social Enterprise Law presents a series of audacious legal technologies designed to unleash the potential of social enterprise. Until now, the law has been viewed as an obstacle to social ... More


Prioritizing Mission with a Mission-Protected Hybrid

Dana Brakman Reiser and Steven A. Dean

in Social Enterprise Law: Trust, Public Benefit and Capital Markets

Published in print:
2017
Published Online:
October 2017
ISBN:
9780190249786
eISBN:
9780190249816
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190249786.003.0003
Subject:
Law, Company and Commercial Law

This chapter describes how state legislatures could create a legal form of organization to brand trustworthy social enterprises. It identifies the two key components of such an organizational form, ... More


The Social Enterprise Trust Deficit

Dana Brakman Reiser and Steven A. Dean

in Social Enterprise Law: Trust, Public Benefit and Capital Markets

Published in print:
2017
Published Online:
October 2017
ISBN:
9780190249786
eISBN:
9780190249816
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190249786.003.0002
Subject:
Law, Company and Commercial Law

This chapter explains why social enterprises have more difficulty gaining access to capital than conventional businesses do. It begins with the insight that law lends both for-profits and nonprofits ... More


Introduction

Dana Brakman Reiser and Steven A. Dean

in Social Enterprise Law: Trust, Public Benefit and Capital Markets

Published in print:
2017
Published Online:
October 2017
ISBN:
9780190249786
eISBN:
9780190249816
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190249786.003.0001
Subject:
Law, Company and Commercial Law

This introduction provides an overview of the challenges social enterprises face in raising capital and briefly describes the authors’ array of potential solutions, grounded in finance, corporate ... More


Conclusion

Dana Brakman Reiser and Steven A. Dean

in Social Enterprise Law: Trust, Public Benefit and Capital Markets

Published in print:
2017
Published Online:
October 2017
ISBN:
9780190249786
eISBN:
9780190249816
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190249786.003.0009
Subject:
Law, Company and Commercial Law

This conclusion summarizes the major contributions of the work as a whole. Having identified a trust deficit as the primary obstacle to capitalizing social enterprises, this conclusion reminds the ... More


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