Construct · 1 fields · 1 citations

concession theory: a standalone construct

One name. One construct. A landmark on the map.

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Corporate law

the theory that a corporation exists as a privilege granted by the state, which justifies public regulation of its powers.

In corporate law, concession theory refers to the theory that a corporation exists as a privilege granted by the state, which justifies public regulation of its powers. This meaning comes from Bratton (1989) in Stanford Law Review.[1]

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Nearby constructs

privilege5 fields · 11 citationsjingle · one word, five constructs regulation4 fields · 4 citationsjingle · one word, four constructs state4 fields · 6 citationsjingle · one word, four constructs

References

Bratton, W. W. (1989). The New Economic Theory of the Firm: Critical Perspectives from History. Stanford Law Review, 41(6), 1471. https://doi.org/10.2307/1228806

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