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Share Capital and Creditor Protection: Efficient Rules for a Modern Company Law?

  • John Armour
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    Examines the economic case for rules of company law which regulate the raising and maintenance of share capital by companies. Argues that the current rules are unlikely to enhance the efficiency of the markets which they regulate, and makes a tentative conclusion.

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    File URL: http://www.cbr.cam.ac.uk/pdf/WP148.pdf
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    Paper provided by ESRC Centre for Business Research in its series ESRC Centre for Business Research - Working Papers with number wp148.

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    Date of creation: Dec 1999
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    Handle: RePEc:cbr:cbrwps:wp148
    Note: PRO-2
    Contact details of provider: Web page: http://www.cbr.cam.ac.uk/

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