Stocks for All: People's Capitalism in the Twenty-First Century

Research output: Book/ReportBookScientificpeer-review

1 Citation (Scopus)


Public stock markets are too small. This book is an effort to rescue public stock markets in the EU and the US. There should be more companies with publicly-traded shares and more direct share ownership. Anchored in a broad historical study of the regulation of stock markets and companies in Europe and the US, the book proposes ways to create a new regulatory regime designed to help firms and facilitate people’s capitalism. Through its comparative and historical study of regulation and legal practices, the book helps to understand the evolution of public stock markets from the nineteenth century to the present day. The book identifies design principles that reflect prior regulation. While continental European company law has produced many enduring design principles, the recent regulation of stock markets in the EU and the US has failed to serve the needs of both firms and retail investors. The book therefore proposes a new set of design principles to serve contemporary societal needs. • Unique piece of legal scholarship with its focus on the interests of firms and retail investors • Concrete ways to address financial inequalities through people’s capitalism • New insights for the regulation of stock markets and companies.

Original languageEnglish
Place of PublicationBerlin
PublisherDe Gruyter
Number of pages884
ISBN (Print)978-3-11-076097-2
ISBN (Electronic)978-3-11-076110-8, 978-3-11-076132-0
Publication statusPublished - 2022
MoE publication typeC1 Scientific book


  • 513 Law
  • commercial law
  • international law
  • foreign law
  • comparative law
  • securities law

Areas of Strength and Areas of High Potential (AoS and AoHP)

  • AoS: Responsible organising
  • AoS: Financial management, accounting, and governance


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