IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-02145233.html
   My bibliography  Save this paper

Shareholder activism from the point of view of Calabresi and Melamed's principles : a trade-off between property rules and responsability rules
[L'activisme actionnarial sous l'angle des principes de Calabresi et Melamed : un arbitrage entre règles de propriété et règles de responsabilité]

Author

Listed:
  • Quoc Thai Huynh

    (CEREGE [Poitiers, La Rochelle] - Centre de recherche en gestion [EA 1722] - IAE Poitiers - Institut d'Administration des Entreprises (IAE) - Poitiers - UP - Université de Poitiers = University of Poitiers - UP - Université de Poitiers = University of Poitiers - ULR - La Rochelle Université)

Abstract

This article aims to analyze shareholder activism under a legal-economic perspective. Parallel to the agency theory of Jensen and Meckling (1976) has developed a theory of legal economic outcome from the seminal article of Calabresi and Melamed (1972), which provided an analytical framework for understanding the variety of way in which transferable rights are protected. Regarding the rights of minority shareholders, legal theory is faced with a trade-off in its treatment of ex-ante and ex-post activism by property rules and liability rules.

Suggested Citation

  • Quoc Thai Huynh, 2010. "Shareholder activism from the point of view of Calabresi and Melamed's principles : a trade-off between property rules and responsability rules [L'activisme actionnarial sous l'angle des principes ," Post-Print hal-02145233, HAL.
    • Handle: RePEc:hal:journl:hal-02145233
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-02145233. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.