Copyright (c) 2009 Widener Law All rights reserved. http://works.bepress.com/widenerlaw Recent documents in Selected Works @ Widener Law en-us Tue, 24 Nov 2009 06:40:09 PST 3600 http://works.bepress.com/lawrence_hamermesh/40 http://works.bepress.com/lawrence_hamermesh/40 Tue, 17 Nov 2009 14:29:50 PST This short essay suggests that the focus on federal-state jurisdictional conflict over regulation of corporate governance in the U.S. is misplaced, and that declining levels of IPO's in the U.S. should be a concern shared by lawmakers at both state and federal levels. Those who reflexively advocate inflexible federal governance rules of wide application -- as opposed to regulatory reforms aimed carefully at unboundedly risky financial practices -- should prevail only upon a clear understanding that the potential benefits of such governance rules outweigh the risks associated with them. Lawrence A. Hamermesh Corporations