Despite agreement on many points, including our shared insistence that 'corporation' and 'firm' are different concepts, Jean-Philippe Robé still maintains that they are mutually exclusive: no corporation is a firm, and no firm is a corporation. In contrast, we follow standard nomenclature when we point out that all (business) corporations are firms, but some firms are not corporations. We show here that this is a standard practice among lawyers writing in leading law journals and note that Robé seems to have abandoned the task of defining the firm.
|Number of pages||4|
|Journal||Journal of Institutional Economics|
|Early online date||28 Feb 2022|
|Publication status||Published - 2 Jul 2022|
- Business corporations
- legal institutionalism
- legal personality