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  The End of Regulatory Competition in European Company Law?

Hornuf, L., & Lindner, J. (2016). The End of Regulatory Competition in European Company Law? In M. Eckardt, & C. Schubel (Eds.), Wettbewerb der Gesellschaftsrechtsordnungen in Ostmitteleuropa? (pp. 117-138). Baden-Baden: Nomos.

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Genre: Contribution to Collected Edition

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http://ssrn.com/abstract=2494309 (Preprint)
Description:
SSRN - Also published as Andrássy Working Paper Series No. 33

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 Creators:
Hornuf, Lars1, Author              
Lindner, Julia2, Author
Affiliations:
1MPI for Innovation and Competition, Max Planck Society, ou_2035292              
2External Organizations, ou_persistent22              

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Free keywords: regulatory competition, charter competition, legal arbitrage
 Abstract: In this article, we analyze regulatory competition in company law in the European Union (EU). By examining the empirical evidence, we conclude that regulatory competition, which is triggered by legal arbitrage and the competitive pressure exerted by national lawmakers, has run out of steam in the EU. Unlike in the United States, both language barriers and double accounting obligations for branches have hampered entrepreneurs from engaging in legal arbitrage. As a result, a necessary precondition for horizontal regulatory competition is absent. Furthermore, vertical regulatory competition is not on the agenda of national legislators, as the Statute for a European Company is largely based on national company laws. Revising the national company law therefore improves the supranational competitor as well and destroys the incentives for national legislators to engage in vertical regulatory competition.

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Language(s): eng - English
 Dates: 2016
 Publication Status: Published in print
 Pages: -
 Publishing info: -
 Table of Contents: -
 Rev. Type: -
 Identifiers: -
 Degree: -

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Source 1

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Title: Wettbewerb der Gesellschaftsrechtsordnungen in Ostmitteleuropa?
Source Genre: Collected Edition
 Creator(s):
Eckardt, Martina1, Editor
Schubel, Christian1, Editor
Affiliations:
1 External Organizations, ou_persistent22            
Publ. Info: Baden-Baden : Nomos
Pages: - Volume / Issue: - Sequence Number: - Start / End Page: 117 - 138 Identifier: ISBN: 978-3-8487-1624-1

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Title: Andrássy Studien zur Europaforschung
Source Genre: Series
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Publ. Info: -
Pages: - Volume / Issue: 16 Sequence Number: - Start / End Page: - Identifier: -