In this episode, Eric C. Chaffee, Professor of Law at the University of Toledo College of Law, discusses his "collaborative theory" of the corporation. Chaffee begins by describing the history of corporations and the prevailing theories of the corporation. He then introduces his collaborative theory, and explains how it improves on existing theories by asking why corporations exist in the first place. Specifically, he shows how the collaborative theory provides a framework for understanding corporate social responsibility and the regulation of corporation. He also discusses how the collaborative theory illuminates the relationship between for-profit and non-profit corporation. The conversation focuses on his papers "Collaboration Theory: A Theory of the Charitable Tax Exempt Nonprofit Corporation" and "The Origins of Corporate Social Responsibility." Chaffee is on Twitter at @EricChaffee.

Keywords: Corporate Law, Nonprofit, Not-for-profit, Theory of the Corporation

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