ABSTRACT
To fi nish our line of thought, this fi nal chapter deals with the fi eld of law where the legal origins theory has been the most successful and infl uential: in the fi eld of corporate law.1 Although its original version from 1996 has been named ‘Law and Finance’,2 it was essentially dealing with the investors’ rights, law enforcement and concentration of ownership across the diff erent jurisdictions classifi ed as belonging to civil or common law legal family.3 Even though its initially strong claims, such as the claim that highly concentrated ownership is an adaptive response to poor investor protection in a corporate governance system,4 have been somewhat watered-down in subsequent research,5 its conclusions remained fi rm and all-encompassing, continuing to claim the supremacy of the common law legal family and the positive infl uence of the solutions inherent therein on the economic environment and growth.6
