| 1. |
- Almlöf, Hanna, et al.
(författare)
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A regulation and transaction cost perspective on the design of corporate law
- 2019
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Ingår i: European Journal of Law and Economics. - : Springer. - 0929-1261 .- 1572-9990. ; 47:3, s. 407-433
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Tidskriftsartikel (refereegranskat)abstract
- For the corporate business model to be successful, it is important to align the interests of those who control and finance the firm. Corporate law has here an important task to fulfill. It offers a legal framework that can facilitate parties to conclude mutually preferable agreements at low transaction costs. The purpose of this paper is to show how to design corporate law to fulfill this task and apply this knowledge to a Swedish case. A two-dimension model that simultaneously considers both the regulation intensity and the level of default of corporate law is presented. The earlier literature treats these dimensions separately. By adding a transaction cost perspective to our model, we assess different regulatory techniques and examine how the Swedish legislation can be amended to help corporations by offering a standard contract that lowers the transaction costs of contracting. This can be achieved if default rules or standards of opt-out character are combined with other regulatory techniques with lower transaction costs such as opt-in alternatives and menus. We also show how our model can be used in other studies as a tool to analyze the design of legal rules.
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| 2. |
- Almlöf, Hanna
(författare)
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Bolagsorganens reglering och dess ändamålsenlighet : En aktiebolagsrättslig studie om ägarledda bolag
- 2014
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Doktorsavhandling (övrigt vetenskapligt/konstnärligt)abstract
- This dissertation discusses the regulation of organisation in limited companies from a closely held company perspective. The overall aim of the study is to evaluate whether the goals of the Swedish Companies Act are fulfilled by the current regulation on company organisation and decision taking organs when applied to closely held owner managed companies. The study is carried out in the field of Company Law, but the analysis also includes contributions from Regulation Theory and Law and Economics.To fulfil the overall aim, the study sets up two main research tasks. The first research task is to identify the goals of the Swedish Companies Act and what regulative tools that are available to achieve these goals. The second research task is to investigate the current regulation of organization and decision taking organs of a company. Focus is placed on how owner managed companies can be flexible in their decision taking activity, both within the company organs and in other arenas outside the firm such an owners meeting or family council. When these two main research tasks have been performed, the overall aim of this study can be fulfilled. The evaluation of the Companies Act reveals that the legislator’s prioritisation of legislative goal can be challenged. It may be argued that the goal to lower the transaction costs of the parties can be enhanced without diminishing any other goals. In accordance with this conclusion, the final research task of this study is to give recommendations de lege ferenda on how the regulation can be developed in order to achieve a higher degree of reaching the goals of the Companies Act.The conclusions argued for in this study are related to future regulation of the organisation of companies limited by shares. Therefore, the conclusions are aimed towards policy makers. However, the analysis within the second research task is of relevance for owner managers and their advisors on the subject of how they can be flexible in their decision taking activity, both within the company organs and in other arenas such as an owner’s meeting or a family council.
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| 3. |
- Almlöf, Hanna, Lektor, 1981-, et al.
(författare)
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What Matters in Design of Corporate Law
- 2017
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Annan publikation (övrigt vetenskapligt/konstnärligt)abstract
- For the corporate business model to be successful, it is important to align the interests of thosewho control and finance the firm. Corporate law has here an important task to fulfill. It offers alegal framework that can facilitate for parties to conclude mutually preferable agreements atlow transaction costs. The purpose of the paper is to show how to design corporate law to fulfillthis task. A two-dimension model that simultaneously considers both regulation intensity andthe level of default of the corporate law is presented. Earlier literature treats these dimensionsseparately. By adding a transaction cost perspective to our model, we assess different regulatorytechniques and examine how legislation can help corporations by offering a standard contractthat lowers transaction costs of contracting. This can be achieved through a legislation thatcovers most contingencies and take the heterogeneity of firms into consideration. Furthermore,default rules or standards of opt-out character should be combined with other regulatorytechniques with lower transaction costs such as opt-in alternatives and menus.
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| 4. |
- Anderson, Arne M., 1925, et al.
(författare)
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Industriell ekonomi
- 2003
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Bok (övrigt vetenskapligt/konstnärligt)
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| 5. |
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| 6. |
- Bjuggren, Per-Olof, et al.
(författare)
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3.12-reglerna : en ekonomisk analys
- 2007
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Ingår i: Ekonomisk Debatt. - 0345-2646. ; :7, s. 18-30
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Tidskriftsartikel (övrigt vetenskapligt/konstnärligt)
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| 7. |
- Bjuggren, Per-Olof, et al.
(författare)
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3:12-reglerna : en ekonomisk analys
- 2007
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Ingår i: Ekonomisk Debatt. - Stockholm : Nationalekonomiska föreningen. - 0345-2646. ; 35:7, s. 18-30
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Tidskriftsartikel (övrigt vetenskapligt/konstnärligt)abstract
- 3:12-reglerna, vilka reglerar beskattningen av ett fåmansföretags överskott som förvärvs- respektive kapitalinkomst, har kritiserats för att de är krångliga och ger felaktiga incitament. Vi ansluter till denna kritik från en annorlunda infallsvinkel. Reglernas utformning står i strid med slutsatserna i beprövade teorier om hur politiken ska utformas för att uppnå sysselsättning och tillväxt, exempelvis behandlas inte ersättningen till kapital som en residual. 3:12-reglerna skapar olikformigheter i beskattningen, öppnar möjligheter till skatteplanering och orsakar snedvridningar. Reglernas komplexitet torde i sig fungera som ett etablerings- och tillväxthinder för produktivt entreprenörskap. Lagstiftaren har underskattat de negativa konsekvenserna av 3:12-reglerna, främst för snabbväxande entreprenörsföretag.
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