van Oosterhout, J. (Hans) --- "Comment – Can the Firm be Seen to Emerge out of a Pincer Movement of Efficiency Pressures?" [2010] ELECD 407; in Pacces, M. Alessio (ed), "The Law and Economics of Corporate Governance" (Edward Elgar Publishing, 2010)

Book Title: The Law and Economics of Corporate Governance

Editor(s): Pacces, M. Alessio

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781848448971

Section Title: Comment – Can the Firm be Seen to Emerge out of a Pincer Movement of Efficiency Pressures?

Author(s): van Oosterhout, J. (Hans)

Number of pages: 9

Extract:

Comment ­ Can the firm be seen to
emerge out of a pincer movement of
efficiency pressures?
J. (Hans) van Oosterhout

INTRODUCTION

Professor Pagano's chapter `Marrying in the Cathedral: A Framework for
the Analysis of Corporate Governance',1 is the kind of rich and well-written
think-piece one rarely finds these days in the peer-reviewed academic
journals that publish work on corporate governance. Apparently, the
double-blind review process that most of these journals rely on functions
like a cookie-cutter in which rich and original inputs are `fundamentally
transformed' into the rather narrowly focused and often highly standard-
ized outputs that most of these journals tend to publish. Yet in spite of the
wealth of ideas, the fruitful associations and the elegant prose, Professor
Pagano's chapter also raises a number of questions and issues to which I
will attend in this short reaction. This by no means implies that I think ill
of the chapter, or that I do not value the rich insights it develops. On the
contrary, I just undertake to perform the kind of job that is expected of a
discussant, although I will not deny that my focus on what I believe to be
problematic in Professor Pagano's chapter also demonstrates the kind of
character deformation that academics who, like myself, have never had a
real job, often suffer from.


A PINCER MOVEMENT OF EFFICIENCY
PRESSURES?
As I understand it, Professor Pagano's chapter has the rather ambitious
aim of developing ...