Economic Efficiencyo on Limited Liability Companies: some Considerations on Economic Analysis of Law

This paper presents briefly a theoretical approach about limited efficiency from the perspective Economic Analysis of Law (EAL) of the limited liability company by examining initially the question of limited liability, under the scrutiny of the pro-rata theory and model manager-investor.  It approac...

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Bibliographic Details
Main Author: Martinho Martins Botelho
Format: Article
Language:Portuguese
Published: Conselho Nacional de Pesquisa e Pós-graduação em Direito (CONPEDI) 2016-12-01
Series:Revista Brasileira de Direito Empresarial
Subjects:
Online Access:http://www.indexlaw.org/index.php/direitoempresarial/article/view/1288
Description
Summary:This paper presents briefly a theoretical approach about limited efficiency from the perspective Economic Analysis of Law (EAL) of the limited liability company by examining initially the question of limited liability, under the scrutiny of the pro-rata theory and model manager-investor.  It approaches the liability of directors of corporations incorporated in the form of a limited company. Subsequently, its theoretical approaches are about the analysis of the first generation of agency theory (contract manager-investor incentives), the hypothesis of Modigliani-Miller irrelevance, and structures of great property.
ISSN:2526-0235
2526-0235