1.0Harvard Gazettehttps://dev.news.harvard.edu/gazettegazetteimporthttps://dev.news.harvard.edu/gazette/story/author/gazetteimport/Charter competition questioned: — Harvard Gazetterich600338<blockquote class="wp-embedded-content" data-secret="kwyw8IlfFC"><a href="https://dev.news.harvard.edu/gazette/story/2003/01/charter-competition-questioned/">Charter competition questioned:</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://dev.news.harvard.edu/gazette/story/2003/01/charter-competition-questioned/embed/#?secret=kwyw8IlfFC" width="600" height="338" title="“Charter competition questioned:” — Harvard Gazette" data-secret="kwyw8IlfFC" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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A study by two Harvard Law School researchers provides evidence that the vigorous competition among states over corporate charters - competition that many believe prompts rules that benefit shareholders - is largely a myth. This evidence has led the researchers to call for federal law to provide a federal incorporation option, as well as to enable shareholders to initiate and vote to approve corporate reincorporation to a different jurisdiction. The study - by Professor Lucian Bebchuk and Olin Fellow Assaf Hamdani - will soon appear in the Yale Law Journal.