Institutional Theory for Corporate Law
Although corporate law has long relied upon and benefited from agency theory, this special issue highlights the value of incorporating wider institutional theorising into the analysis of the nature and operations of the company. Indeed, institutional theory – which is broadly speaking concerned with how shared (social) norms and rules influence behaviours, outcomes, and their evaluations – provides a fertile resource for a deeper understanding of the complexities corporate law is trying to address. For example, the modern version of real entity theory that has recently emerged in the literature relies on institutional theory to argue that companies are designed to support autonomous organisational action. The articles included in this virtual special issue engage, explicitly or implicitly, with this idea.
Guest editors
Eva Micheler(Law School, London School of Economics, London, UK)
David Gindis(Law School, University of Warwick, Coventry, UK)