{"id":"https://openalex.org/W1580418352","doi":null,"title":"The Complexity And Legitimacy Of Corporate Law","display_name":"The Complexity And Legitimacy Of Corporate Law","publication_year":1993,"publication_date":"1993-10-01","ids":{"openalex":"https://openalex.org/W1580418352","mag":"1580418352"},"language":"en","primary_location":{"id":"mag:1580418352","doi":null,"is_oa":false,"landing_page_url":"https://scholarlycommons.law.wlu.edu/cgi/viewcontent.cgi?article=1787&context=wlulr","pdf_url":null,"source":{"id":"https://openalex.org/S161985995","display_name":"Washington and Lee law review","issn_l":"0043-0463","issn":["0043-0463","1942-6658"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4360969390","host_organization_name":"Washington and Lee University School of Law","host_organization_lineage":["https://openalex.org/P4360969390"],"host_organization_lineage_names":["Washington and Lee University School of Law"],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Washington and Lee law review","raw_type":null},"volume":null,"type":"article","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5061676123","display_name":"Eric W. Orts","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I184889055","display_name":"Washington and Lee University","ror":"https://ror.org/05r9xgf14","country_code":"US","type":"education","lineage":["https://openalex.org/I184889055"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Eric W. Orts","raw_affiliation_strings":["Washington and Lee\u00a0University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Washington and Lee\u00a0University","institution_ids":["https://openalex.org/I184889055"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5061676123"],"corresponding_institution_ids":["https://openalex.org/I184889055"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":13,"citation_normalized_percentile":{"value":0.28642683,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":"50","issue":"4","first_page":"1565","last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T14102","display_name":"Corporate Governance and Law","score":0.8848000168800354,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T14102","display_name":"Corporate Governance and Law","score":0.8848000168800354,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.05770000070333481,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13138","display_name":"Legal and Constitutional Studies","score":0.01889999955892563,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/corporate-law","display_name":"corporate law","score":0.824999988079071},{"id":"https://openalex.org/keywords/legitimacy","display_name":"legitimacy","score":0.4449999928474426},{"id":"https://openalex.org/keywords/theory-of-the-firm","display_name":"theory of the firm","score":0.7590000033378601},{"id":"https://openalex.org/keywords/nexus-of-contracts","display_name":"nexus of contracts","score":0.8410000205039978},{"id":"https://openalex.org/keywords/non-reductionism","display_name":"non-reductionism","score":0.7720000147819519},{"id":"https://openalex.org/keywords/h-l-a-hart","display_name":"H.L.A. Hart","score":0.8339999914169312},{"id":"https://openalex.org/keywords/limited-liability","display_name":"limited liability","score":0.6790000200271606},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.3720000088214874},{"id":"https://openalex.org/keywords/reference-values","display_name":"reference values","score":0.47699999809265137},{"id":"https://openalex.org/keywords/legal-pluralism","display_name":"legal pluralism","score":0.4399999976158142}],"concepts":[{"id":"https://openalex.org/C25253098","wikidata":"https://www.wikidata.org/wiki/Q2609670","display_name":"Corporate law","level":3,"score":0.5822106003761292},{"id":"https://openalex.org/C2777179996","wikidata":"https://www.wikidata.org/wiki/Q911222","display_name":"Mistake","level":2,"score":0.49493998289108276},{"id":"https://openalex.org/C2777366796","wikidata":"https://www.wikidata.org/wiki/Q6017758","display_name":"Indeterminacy (philosophy)","level":2,"score":0.4821726679801941},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.4645175039768219},{"id":"https://openalex.org/C173366509","wikidata":"https://www.wikidata.org/wiki/Q206829","display_name":"Reductionism","level":2,"score":0.46188706159591675},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.4540002644062042},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.44230079650878906},{"id":"https://openalex.org/C190253527","wikidata":"https://www.wikidata.org/wiki/Q295354","display_name":"Law and economics","level":1,"score":0.4395983815193176},{"id":"https://openalex.org/C2776728590","wikidata":"https://www.wikidata.org/wiki/Q363948","display_name":"Contradiction","level":2,"score":0.4362082779407501},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.32649263739585876},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.2848049998283386},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.27546003460884094},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.1461588740348816},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:1580418352","doi":null,"is_oa":false,"landing_page_url":"https://scholarlycommons.law.wlu.edu/cgi/viewcontent.cgi?article=1787&context=wlulr","pdf_url":null,"source":{"id":"https://openalex.org/S161985995","display_name":"Washington and Lee law review","issn_l":"0043-0463","issn":["0043-0463","1942-6658"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4360969390","host_organization_name":"Washington and Lee University School of Law","host_organization_lineage":["https://openalex.org/P4360969390"],"host_organization_lineage_names":["Washington and Lee University School of Law"],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Washington and Lee law review","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":1,"referenced_works":["https://openalex.org/W1977115264"],"related_works":["https://openalex.org/W2514964953","https://openalex.org/W154187927","https://openalex.org/W3121121838","https://openalex.org/W6534038","https://openalex.org/W599582490","https://openalex.org/W3122165838","https://openalex.org/W2908540890","https://openalex.org/W4224277512","https://openalex.org/W7120867889","https://openalex.org/W4253541419"],"abstract_inverted_index":{"The":[0],"nature":[1],"of":[2,8,11,23,35,43,55,89,96,99,114,131,134,139,153,161,165,188,210,219,259,269,276,285,310,323,325,340,343,374,383,415,450,468,471,480,493,515,553,564,598,606],"man":[3],"is":[4,82,125,191,229,243,248,299,335,453,530,535,546],"intricate;":[5],"the":[147,211,270],"objects":[7],"society":[9],"are":[10,171],"greatest":[13],"possible":[14],"complexity;":[15],"and":[16,40,46,53,116,137,253,313,319,362,372,387,441,466,478,509,590,592,600],"therefore":[17],"no":[18],"simple":[19],"disposition":[20],"or":[21,32,205,267,473,532,621],"direction":[22,124],"power":[24,342],"can":[25],"be":[26],"suitable,":[27],"either":[28,617],"to":[29,85,93,111,156,163,203,214,232,256,262,291,354,418,431,496,538],"man's":[30],"nature,":[31],"quality":[34],"his":[36],"affairs.(1)I":[37],"like":[38],"complexity":[39,98,187,218,402,517,563],"contradiction....I":[41],"speak":[42],"a":[151],"complex":[45,547],"contradictory":[47],"architecture":[48],"based":[49],"on":[50,107,272,380,484],"richness":[52],"ambiguity":[54],"modern":[56],"experience.......":[57],"By":[58,521],"embracing":[59],"contradiction":[60],"as":[61,63,69,71,149,358,423,437,585,587],"well":[62,70],"complexity,":[522],"I":[65,195,199,225,306,330,365,407,523,541,557,609],"aim":[66],"for":[67,185,216,582],"vitality":[68],"validity.(2)A":[72],"central":[73],"question":[74,384],"when":[75,118],"considering":[76],"new":[77],"directions":[78],"in":[79,120,197,283,316,394,404,518,570],"corporate":[80,90,166,189,220,237,281,300,317,333,352,405,416,451,494,519,533,544,565,583,607],"law":[91,167,190,238,282,301,318,334,417,440,452,461,495,534,545,566,584],"degree":[84],"which":[86],"study":[88],"continues":[92],"take":[94],"account":[95,215,514],"its":[100,286,572,588],"subject.":[101],"Certain":[102],"contemporary":[103],"academic":[104],"trends":[105],"are,":[106],"contrary,":[109],"leading":[110],"simplification":[113],"vision":[115],"understanding":[117],"movement":[119],"precisely":[121],"opposite":[123],"needed.":[126],"In":[127,303],"particular,":[128],"influence":[130],"economic":[620],"theories":[133,141,309],"firm,":[136],"translations":[138],"these":[140],"into":[142],"slogan":[144],"that":[145,183,200,227,332,345,368,409,500,512,543,560],"defines":[146],"corporation":[377],"merely":[150],"nexus":[152],"contracts,":[154],"threaten":[155],"extend":[157],"reductionist":[159],"mode":[160],"thinking":[162,235],"areas":[164],"where":[168],"such":[169,356,422,436],"models":[170,499],"often":[172],"not":[173,454,525,613],"only":[174],"unhelpful,":[175],"but":[176,295,456],"destructive.":[177],"Instead,":[178,427,540],"building":[179],"nonreductionist":[181],"model":[182],"allows":[184],"essential.(3)In":[192],"this":[193],"Article,":[194],"suggest":[196],"Part":[198,304,488],"recent":[201],"attempts":[202,290],"define":[204],"formulate":[206],"unified":[208],"theory":[209,266,492,505,528],"fail":[213],"law.":[221,329,406,520],"Following":[222],"H.L.A.":[223],"Hart,":[224],"argue":[226,408,542,558,610],"it":[228,549],"mistake":[231],"begin":[233],"theoretical":[234,580],"about":[236,337],"with":[239,250,475],"question,":[241,297],"What":[242,298],"corporation?":[245],"This":[246,504,575],"approach":[247],"fraught":[249],"analytical":[251],"difficulty":[252],"leads":[254],"easily":[255],"error":[257],"because":[258,548],"temptation":[261],"impose":[263],"an":[264,321,424,618,622],"initial":[265],"definition":[268],"multifaceted":[274],"corpus":[275],"law.Part":[277],"II":[278],"considers":[279,399],"positive":[280],"terms":[284],"technical":[287,573],"complexity.":[288,574],"It":[289],"answer":[292],"large":[294],"manageable":[296],"about?":[302],"II,":[305],"review":[307],"descriptive":[308],"mandatory,":[311],"suppletory,":[312],"enabling":[314],"rules":[315,589],"provide":[320],"overview":[322],"some":[324],"basic":[327,596],"substantive":[328],"conclude":[331,366],"primarily":[336],"structuring":[339],"businesses":[344],"incorporate":[346],"(that":[347],"is,":[348],"register":[349],"under":[350],"state":[351],"codes)":[353],"secure":[355],"advantages":[357],"convenience,":[359],"financial":[360],"flexibility,":[361],"limited":[363],"liability.":[364],"also":[367],"legal":[370,389,486,599],"meaning":[371],"scope":[373],"term":[376],"depends":[378],"inextricably":[379],"kind":[382],"being":[385],"asked,":[386],"different":[388,392,395,481],"questions":[390],"yield":[391],"answers":[393],"contexts.Part":[396],"III":[397],"then":[398],"normative":[401,420,555,562],"implicit":[403],"one":[410,419],"cannot":[411],"reduce":[412],"subject":[414],"value,":[421],"objective.":[426],"other":[428],"values":[429,482],"inaccessible":[430],"purely":[433],"measure,":[435],"following":[438],"ethical":[442],"behavior,":[443],"remain":[444],"important.":[445],"Moreover,":[446],"objective":[449],"unidimensional,":[455],"divided":[457],"within":[458],"itself.":[459],"Corporate":[460],"involves":[462],"simultaneous":[464],"pursuit":[465],"coexistence":[467],"number":[470],"ends":[472],"purposes,":[474],"mix":[477],"predominance":[479],"depending":[483],"particular":[485],"contexts.Finally,":[487],"IV":[489],"offers":[490],"combat":[497],"simplistic":[498],"have":[501],"become":[502],"influential.":[503],"provides":[506],"realistic":[508],"workable":[510],"alternative":[511],"takes":[513],"do":[524],"mean":[526],"itself":[529],"complicated":[531,537],"too":[536],"understand.(4)":[539],"embodies":[550],"set":[552],"conflicting":[554],"principles.":[556],"further":[559],"explains,":[567],"at":[568],"least":[569],"part,":[571],"view":[576],"supplies":[577],"strong":[579],"underpinning":[581],"long":[586],"principles,":[591],"their":[593],"application,":[594],"meet":[595],"conditions":[597],"political":[624],"legitimacy.":[602],"And":[603],"legitimacy":[605],"law,":[608],"finally,":[611],"does":[612],"require":[614],"choosing":[615],"between":[616],"exclusively":[619,623],"model.":[625],"\u2026":[626]},"counts_by_year":[{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2014,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}