Corporate Contractualism vs Corporate Constitutionalism—A Comparative Evaluation

Yifei Yang ()
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Yifei Yang: Capital University of Economics and Business

Chapter Chapter 4 in Corporate Collapse and Corporate Governance, 2025, pp 81-106 from Springer

Abstract: Abstract This chapter establishes the theoretical foundation for contrasting corporate contractualism and Bottomley’s corporate constitutionalism. It examines their divergent origins, methodologies, approaches to internal corporate arrangements, and relationships with the state, while also identifying points of convergence. By revealing the shift from an economic-contractual to a political-constitutional perspective, the chapter highlights corporate constitutionalism’s potential to address governance failures such as Carillion’s collapse.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-981-96-9666-6_4

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DOI: 10.1007/978-981-96-9666-6_4

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