Considerations on the economic effect of the new Turkish commercial code provisions regarding single member companies

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• 作者：Aslı E. Gürbüz Usluel
• 刊名：European Journal of Law and Economics
• 出版年：2016
• 出版时间：August 2016
• 年：2016
• 卷：42
• 期：1
• 页码：25-43
• 全文大小：455 KB
• 刊物类别：Business and Economics
• 刊物主题：Economics
  Law and Economics
  European Integration
  Public Finance and Economics
  Commercial Law
  
• 出版者：Springer Netherlands
• ISSN：1572-9990
• 卷排序：42

文摘

This article deals with both legal and economic analysis of the new Turkish Commercial Code provisions regarding single member companies. In this respect, legal provisions of the Turkish Commercial Code are examined and compared not only with the Twelfth European Union Directive and Societas Unius Personae, but also regulations of the European Union member states. Since single member companies are to be established as limited liability companies under Turkish law, this article considers the benefits of the limited liability form that can be applied to single member companies in the framework of firm theory. It also examines the benefits and risks of single member companies in terms of transaction costs and assesses the safeguards against the risks in this regard. Finally, an evaluation is made in the light of the data collected relating to the number of companies established after the new Turkish Commercial Code entered into force.KeywordsSingle member companyLimited liabilityPrivate limited liability companyPublic limited liability companyFirm