文档介绍：ECGI
Law Working Paper Series
Working Paper No. 50/2005
Yale Law School
Center for Law, Economics and Public Policy
Research Paper No. 323

After the Revolution in Corporate Law
Roberta Romano
October 2005
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After the Revolution in Corporate Law
Law Working Paper N°.50/2005 Roberta Romano
Yale Law School, NBER and ECGI
October 2005

© Roberta Romano 2005. All rights reserved. Short
sections of text, not to exceed two paragraphs, may
be quoted without explicit permission provided
that full credit, including © notice, is given to the
source.
This paper can be downloaded without charge from:
/abstract=824050.

ECGI Working Paper Series in Law
After the Revolution in Corporate Law
Working Paper N°.50/2005
October 2005
Roberta Romano

This paper is based on the Oscar M. Ruebhausen Inaugural Lecture given at Yale Law School on
September 21, 2005.

©Roberta Romano 2005. All rights reserved. Short sections of text, not to exceed two paragraphs,
may be quoted without explicit permission provided that full credit, including © notice, is given to
the source.
Abstract
Corporate law is a ﬁ eld that underwent as thorough a revolution in the 1980s as can be
imagined, in scholarship and practice, methodological anizational, in which ﬁ nance
and the economic theory of the ﬁ rm were used to inform the ﬁ eld. The timing of this
revolution was not a fortuitous occurrence: it followed a revolution in corporate ﬁ nance and
the theory of the ﬁ rm, and was mid-wived in a period of dynamic innovation in corporate
transactions. The transformation in corporate law scholarship and practice plished by
this revolution, has important implications for legal education in the 21st century. There is
a need for greater integration of law school and management school curriculums, to ensure
t