Innovation in Corporate Law Associate Professor of law columbia law school 435 West 116 Street, New York, NY 10027 ng authorI Yoram Keinan JSD Candidate University of Michigan, Ann Arbor Jan Kleinheisterk Research associate Max Planck Institute for Foreign and Comparative Private Law Mark d. we Professor of li University of Michigan, Ann Arbor We would like to thank Konstantinos Kyriakakis for his help on the evolution of French corporate law Special thanks to Rick Messick, Peter Murell and Andrei Shleifer as well as other participants at the Conference on Appropriate Institutions held at the World Bank on 13 September 2002 for comments on an Associate Professor of law columbia law school Research Associate, Max Planck Institute for Foreign and Comparative Law, Hamburg Assistant Professor of Law, University of Michigan Law School2 Innovation in Corporate Law1 Katharina Pistor+ Associate Professor of Law, Columbia Law School 435 West 116th Street, New York, NY 10027 [corresponding author] Yoram Keinan∗ JSD Candidate University of Michigan, Ann Arbor Jan Kleinheisterkamp# Research Associate Max Planck Institute for Foreign and Comparative Private Law Hamburg, Germany Mark D. West× Professor of Law University of Michigan, Ann Arbor 1 We would like to thank Konstantinos Kyriakakis for his help on the evolution of French corporate law. Special thanks to Rick Messick, Peter Murell and Andrei Shleifer as well as other participants at the Conference on Appropriate Institutions held at the World Bank on 13 September 2002 for comments on an earlier draft. + Associate Professor of Law, Columbia Law School. ∗ SJD Candidate, University of Michigan Law School. # Research Associate, Max Planck Institute for Foreign and Comparative Law, Hamburg. × Assistant Professor of Law, University of Michigan Law School