Corporate disruption: The law and design of organizations in the 21st century

Erik Vermeulen, Joseph Mc Cahery, Mark Fenwick, James Callison

    Research output: Working paperDiscussion paperOther research output

    Abstract

    This paper explores the issue of “re-making” corporate law through the prism of the United Nations’ recent efforts at reducing legal obstacles experienced by micro, small and medium-sized enterprises in starting and scaling a business. In order to be successful, we recommend that the UN should go back to business fundamentals and should attempt to build from the ground up based on the real world needs of entrepreneurs, rather than work off already existing corporate legal systems. In this way, it is possible to engage in a more imaginative form of regulatory design in which a clear, open and preferential legal framework for stimulating innovation and business creation can be developed.
    Original languageEnglish
    Number of pages38
    Publication statusPublished - 4 Aug 2016

    Publication series

    NameTILEC Discussion Paper Series
    No.026
    Volume2016

    Keywords

    • company
    • corporate governance
    • corporation
    • entrepeneurship
    • formal economy
    • freedom of contract
    • hybrid business forms
    • informal economy
    • micro-finance
    • organization
    • theory of the firm
    • uncorporation
    • ventures

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