The rationales underlying reincorporation and implications for Canadian corporations

International Review of Law and Economics

Volumn 22, Issue 3, 2002, Pages 277-330

  Cumming, Douglas J ^a   MacIntosh, Jeffrey G ^b  

^a UNIVERSITY OF ALBERTA   (Canada)

^b UNIVERSITY OF TORONTO   (Canada)

Author keywords

Canada; Corporate law; Event study; Reincorporation

Indexed keywords

EID: 0036744404     PISSN: 01448188     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0144-8188(02)00101-1     Document Type: Article

References (38)

1. Agrawal, A., & Knoeber, C. R. (2001). Do some outside directors play a political role? Journal of Law & Economics, 64, 179-198.
2. Baysinger, B. D., & Butler, H. N. (1985). The role of corporate law in the theory of the firm. Journal of Law & Economics, 28, 179-191.
3. Bebchuk, L. A. (1992). Federalism and the corporation: The desirable limits on state competition in corporation law. Harvard Law Review, 105, 1435-1510.
4. Bhagat, S., & Romano, R. (2001). Event studies and the law. Part II: Empirical studies of corporate law. Yale International Center for Finance Working Paper.
5. Brown, S.J., & Weinstein, M. I. (1985). Derived factors in event studies. Journal of Financial Economics, 14, 491-495.
6. Buckley, F. H. (1997). The Canadian Kairetsu. Journal of Applied Corporate Finance, 9, 46-56.
7. Campbell, J. Y., Lo, A. W., & MacKinlay, A. C. (1997). The econometrics of financial markets. Princeton, NJ: Princeton University Press.
8. Cary, W. (1974). Federalism and corporate law: Reflections upon Delaware. Yale Law Journal, 83, 663-705.
9. Copeland, T. E., & Weston, J. F. (1988). Financial theory and corporate policy (3rd ed.). New York: Addison-Wesley Publishing Company.
10. Cumming, D. J. (1999). Empirical essays on agency costs in law and economics. J.D./Ph.D. Dissertation, University of Toronto.
11. Cumming, D. J., & MacIntosh, J. G. (2000). The role of interjurisdictional competition in shaping Canadian corporate law. International Review of Law and Economics, 20, 141-186.
12. Daines, R., (1999). Does Delaware law improve firm value? New York University Working Paper #CLB-99-011 and Columbia Law School Working Paper No. 159. Journal of Financial Economics (forthcoming, 2002).
13. Daniels, R. J. (1991). Should the provinces compete? The case for a competitive corporate law market. McGill Law Journal, 36, 130-190.
14. Dodd, P., & Leftwich, R. (1980). The market for corporate charters: 'Unhealthy competition' versus federal regulation. Journal of Business, 53, 259-283.
15. Fowler, D. J., Rourke, C. H., & Jog, V. M. (1979). Heteroscedasticity, R-square and thin trading on the Toronto Stock Exchange. Journal of Finance, 34, 1201-1210.
16. Glover, G. C. (1996). Nova Scotia unlimited liability companies: A tax saving opportunity for U.S. companies. Corporate Financing, 4, 194-196.
17. Goldfeld, S.M., & Quandt, R. E. (1972). Nonlinear methods in econometrics. New York: North-Holland.
18. Goldfeld, S.M., & Quandt, R. E. (1973). The estimation of structural shifts by switching regressions. Annals of Economic and Social Measurement, 2, 475-485.
19. Goldfeld, S. M., & Quandt, R. E. (1976). Techniques for estimating switching regressions. In S. M. Goldfeld & R. E. Quandt (Eds.), Studies in nonlinear estimation. Cambridge, MA: Ballinger Publishers.
20. Judge, G. G., Hill, R. C., Griffiths, W. E., Lütkepohl, H., & Lee, T.-C. (1988). Introduction to the theory and practice of econometrics (2nd ed.). New York: Wiley.
21. Kane, E. J., & Unal, H. (1988). Change in assessments of deposit institution riskiness. Journal of Financial Services Research, 1, 207-229.
22. Macey, J.R., & Miller, G. P. (1986). Toward an interest-group theory of Delaware corporate law. Texas Law Review, 65, 469-523.
23. Morck, R. K., Strangeland, D. A., & Yeung, B. (1998). Inherited wealth, corporate control and economic growth: The Canadian disease. NBER Working Paper No. 6814.
24. Myers, S. C., & Mjluf, N. S. (1984). Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics, 13, 187-221.
25. Netter, J., & Poulsen, A. (1989). State incorporation laws and shareholders: The recent evidence. Financial Management, 18, 29-40.
26. Newbold, P. (1988). Statistics for business and economics (2nd ed.). Englewood Cliffs, NJ: Prentice-Hall.
27. Poirier, D. J. (1995). Intermediate statistics and econometrics: A comparative approach. Cambridge, MA: MIT Press.
28. Ribstein, L. E. (2000). Efficiency, politics and evolution in corporate law. George Mason Law School, Working Paper.
29. Romano, R. (1985). Law as a product: Some pieces of the incorporation puzzle. Journal of Law, Economics & Organization, 1, 225-283.
30. Romano, R. (1987). The State competition debate in corporate law. Cardozo Law Review, 8, 709-757.
31. Romano, R. (1992). A guide to takeovers: Theory, evidence and regulation. Yale Journal on Regulation, 9, 119-179.
32. Romano, R. (1993). The genius of American corporate law. Washington, DC: American Enterprise Institute Press.
33. White, H. (1980). A heteroscedasticity-consistent covariance matrix estimator and a direct test for heteroscedasticity. Econometrica, 48, 817-838.
34. White, K. J., Wong, S. D., Whistler, D., & Haun, S. A. (1993). Shazam econometrics computer program user's reference manual. New York: McGraw-Hill.
35. Winter, R. K. (1977). State law, shareholder protection, and the theory of the corporation. Journal of Legal Studies, 6, 251-292.
36. Yermack, D. (1996). Higher market valuation of companies with a small board of directors. Journal of Financial Economics, 40, 185-211.
37. Ziegel, J. S. (1973). The new look in Canadian corporation laws. In J. S. Ziegel (Ed.), Studies in Canadian company law (Vol. 2). Toronto: Butterworths.
38. Ziegel, J. S., Daniels, R. J., MacIntosh, J. G., & Johnston, D.L. (1994). Cases and materials on partnerships and Canadian business corporations (3rd ed.). Scarborough, Ont.: Carswell.