
Contents
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1 Introduction 1 Introduction
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2 Taxonomies in Corporate Law and Governance 2 Taxonomies in Corporate Law and Governance
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2.1 Limited Classifications: Law-Focused 2.1 Limited Classifications: Law-Focused
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2.2 Limited Classifications: Beyond Law 2.2 Limited Classifications: Beyond Law
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2.3 General Classifications: Law-Focused 2.3 General Classifications: Law-Focused
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2.4 General Classifications: Beyond Law 2.4 General Classifications: Beyond Law
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3 Challenging the Value of Taxonomies 3 Challenging the Value of Taxonomies
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3.1 Introduction: Forms of Criticism 3.1 Introduction: Forms of Criticism
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3.2 Overemphasizing Differences and Similarities 3.2 Overemphasizing Differences and Similarities
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3.3 Challenging the Quantitative Research on Legal Origins 3.3 Challenging the Quantitative Research on Legal Origins
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4 Leximetrics: Are There Distinct Legal Families? 4 Leximetrics: Are There Distinct Legal Families?
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4.1 Introduction: Calculating Differences without a priori Categories 4.1 Introduction: Calculating Differences without a priori Categories
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4.2 The CBR Research on Differences and Similarities in Corporate Law 4.2 The CBR Research on Differences and Similarities in Corporate Law
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4.3 Applying the Leximetric Method to the DBR Data on Investor Protection 4.3 Applying the Leximetric Method to the DBR Data on Investor Protection
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5 Conclusion 5 Conclusion
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Notes Notes
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Taxonomies and Leximetrics
Get accessEuropean University Institute, Florence, Italy
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Published:22 April 2025
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Abstract
This chapter provides a critical discussion of the taxonomies that are commonly applied to corporate law and governance. It starts with a presentation of four types of typologies: limited typologies dealing with either legal or non-legal questions, and general typologies having either a legal or a non-legal focus. It then outlines challenges to these taxonomies, with particular emphasis on the criticism against the quantitative research on “legal origins”. Moreover, it shows how “leximetrics” can be used to address the question of whether or not there are distinct legal families in corporate law and governance. By way of illustration, it also provides a leximetric analysis of the investor protection index of the former World Bank's Doing Business Reports that challenges the validity of such taxonomies.
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