Creating Risk Capital. Ian Whalley

87-88. [return to text]

      4 This paragraph and the next section draw heavily on Hansmann, The Ownership of Enterprise. [return to text]

      5 Hansmann, The Ownership of Enterprise , pp. 98-103. [return to text]

      6 Hansmann, The Ownership of Enterprise, p. 122. [return to text]

      7 Hansmann, The Ownership of Enterprise , p. 1. [return to text]

      8 Hansmann, The Ownership of Enterprise , p. 295. [return to text]

      9 Hansmann, The Ownership of Enterprise , pp. 294-295. [return to text]

      10 Hansmann, The Ownership of Enterprise , pp. 5, 294. [return to text]

      11 Hansmann, The Ownership of Enterprise , p. 289. [return to text]

      12 ‘A survey of capitalism - punters or proprietors’, The Economist (5 May 1990), quoted in Robert Monks and Allen Sykes, Capitalism without owners will fail: A policymaker’s guide to reform (Centre for the Study of Financial Innovation, 2002), p. 8. [return to text]

      13 The succeeding paragraphs in this section draw heavily on Hansmann and Kraakman, ‘The End of History for Corporate Law’. [return to text]

      14 Hansmann and Kraakman, ‘The End of History for Corporate Law’, pp. 440-441. [return to text]

      15 Kay and Silberston, ‘Corporate Governance’, p. 91. [return to text]

      16 Kay and Silberston, ‘Corporate Governance’, p. 95. [return to text]

      17 Hansmann and Kraakman, ‘The End of History for Corporate Law’, p. 444. [return to text]

      18 Kay and Silberston, ‘Corporate Governance’, p. 86. [return to text]

      19 Kay and Silberston, ‘Corporate Governance’, p. 88. [return to text]

      20 Hansmann and Kraakman, ‘The End of History for Corporate Law’, p. 454. [return to text]

      21 Hansmann and Kraakman, ‘The End of History for Corporate Law’, p. 441. [return to text]

      22 Hansmann and Kraakman, ‘The End of History for Corporate Law’, p. 468. [return to text]

      23 Hansmann and Kraakman, ‘The End of History for Corporate Law’, p. 451. [return to text]