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- Title
REFORMING OHIO CORPORATE LAW AND SECURITIES REGULATION TO FACILITATE INVESTMENT IN OHIO.
- Authors
EBERSOLE, DAVE
- Abstract
Against a backdrop of theoretical and empirical evidence, this article explains why and how the Ohio General Assembly should reform Ohio corporate law and securities regulation. As a foundation, theoretical and empirical evidence explains why reforming Ohio corporate law will facilitate investment in Ohio, including data showing that Ohio corporate law raises the cost of capital to Ohio firms. Further demonstrating that capital markets disfavor Ohio corporate law, Abercrombie & Fitch Co. failed in its recent attempt to reincorporate in Ohio. This article next analyzes Ohio Revised Code sections to specifically explain how clear corporate law implementing non-extreme policy decisions in a straightforward manner can remedy the complexity and extremity that are the hallmarks of Ohio corporate law. Following the statutory analysis, this article refutes objections to reforming Ohio corporate law. This article then concludes with a call for the Ohio General Assembly to reform Ohio corporate law and securities regulation to encourage firms located in Ohio to incorporate in Ohio.
- Subjects
OHIO; CORPORATION law; OHIO. General Assembly; GOVERNMENT policy on the securities industry; FINANCIAL markets -- Government policy; CORPORATE finance; GOVERNMENT policy
- Publication
Entrepreneurial Business Law Journal, 2012, Vol 7, Issue 2, p451
- ISSN
1932-4480
- Publication type
Article