Abstract

**Assistant Professor of Corporate Citizenship, Kogod School of Business, American University. We would like to gratefully acknowledge the research support provided by the Ross and Kogod Schools of Business and the research assistance of Evelyn Liristis, as well as the helpful insights and thoughtful suggestions of Timothy L. Fort, David W. Hess, and Eliot P. Bates. We also wish to thank several anonymous reviewers and the editors of the American Business Law Journal for a series of useful comments and suggestions. Any remaining errors or omissions remain our responsibility. An earlier version of this article was selected as a 2011 Distinguished Proceedings Paper and as a finalist for the 2011 Holmes-Cardozo Award for outstanding scholarship by the Academy of Legal Studies in Business.

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