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A further reply to Jean-Philippe Robé on the firm

Published online by Cambridge University Press:  28 February 2022

Simon Deakin ,
David Gindis Open the ORCID record for David Gindis [Opens in a new window]  and
Geoffrey M. Hodgson
Simon Deakin
Affiliation:
Faculty of Law and Centre for Business Research, University of Cambridge, Cambridge, UK
David Gindis
Affiliation:
Hertfordshire Business School, University of Hertfordshire Hatfield, Hatfield, UK
Geoffrey M. Hodgson*
Affiliation:
Emeritus, Loughborough University London, Institute of International Management, Stratford, London, UK
*
*Corresponding author. Email: g.hodgson2@lboro.ac.uk
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Abstract

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.

Keywords

Business corporationsfirmslegal institutionalismlegal personalityB52D20K10L20
Type
Comment
Information
Journal of Institutional Economics , Volume 18 , Issue 4 , August 2022 , pp. 703 - 706
Copyright
Copyright © The Author(s), 2022. Published by Cambridge University Press on behalf of Millennium Economics Ltd.

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