Abstract
Flexible common law is considered to be more conducive to external investment than more rigid civil law. However, both systems can either adapt to new situations or become less flexible over time. Legal systems function best, when there is sufficient room for revision and review.
This is a preview of subscription content, log in via an institution to check access.
References
Brouwer M (2006) Reorganization in US and European Bankruptcy law. Eur J Law Econ 22(1):5–20 (is original publication)
Brouwer M (2008) Chapter 7: Executive pay and tenure; founding fathers, mercenaries and revolutionaries. In: Governance and innovation. Routledge Studies in Global Competition; Executive Pay and Tenure; Founding Fathers, Mercenaries and Revolutionaries, pp 120–140
Brouwer M (2012) Ch. 4. Corporate finance and the theory of the firm. In: Organizations, individualism and economic theory. Routledge Frontiers of Political Economy; Corporate Finance and the Theory of the Firm, pp 64–83
Buetter M (2002) Cross border insolvency under English and German law. Oxford University Comparative Law Forum
Djankov S, LaPorta R, Lopez-de-Silanes F, Shleifer A (2002) The regulation of entry. Q J Econ 117(1):1–37
LaPorta R, Lopez-de-Silanes F, Shleifer A, Vishny R (1997) Legal determinants of external finance. J Financ 52(3):1131–1150
LaPorta R, Lopez-de-Silanes F, Shleifer A, Vishny R (1998) Law and finance. J Polit Econ 106(6):1113–1155
LaPorta R, Lopez-de-Silanes F, Shleifer A (2008) The economic consequences of legal origins. J Econ Lit 2:285–332
Mahoney PG (2001) The common law and economic growth; Hayek may be right. J Leg Stud 30(2):503–525
Meijer G, Meijer S (2002) Influence of the code civil in the Netherlands. Eur J Law Econ 14:227–236
Raghuram R, Zingales L (1998) Financial dependence and growth. Am Econ Rev 3:559–586
Raghuram R, Zingales L (2003) The great reversals: the politics of financial development in the 20th century. J Financ Econ 69(1):5–50
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2016 Springer Science+Business Media New York
About this entry
Cite this entry
Brouwer, M.T. (2016). Legal Origin. In: Marciano, A., Ramello, G. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7883-6_199-1
Download citation
DOI: https://doi.org/10.1007/978-1-4614-7883-6_199-1
Received:
Accepted:
Published:
Publisher Name: Springer, New York, NY
Online ISBN: 978-1-4614-7883-6
eBook Packages: Springer Reference Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences
Publish with us
Chapter history
-
Latest
Legal Origin- Published:
- 27 October 2021
DOI: https://doi.org/10.1007/978-1-4614-7883-6_199-2
-
Original
Legal Origin- Published:
- 26 May 2016
DOI: https://doi.org/10.1007/978-1-4614-7883-6_199-1