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| Author: | Iwai, K. |
| Title: | The nature of the business corporation: its legal structure and economic functions |
| Journal: | Japanese Economic Review
2002 : SEP, VOL. 53:3, p. 243-273 |
| Index terms: | Corporate financial models Corporate structure Legislation |
| Language: | eng |
| Abstract: | Between a classical firm and a business corporation lies a fundamental difference in legal structure. The paper shows how two-tier ownership structure of the business corporation fundamentally affects the form of its organization, the ways and means of its governance and the efficiency of its performance. |
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