Further Legal Determinants of External Finance in Scotland: An Intra-UK Market for Incorporation?

Previously in this journal the author reviewed Scots law's corporate debt finance rules from a transaction cost perspective. Recent research has identified that use of Scottish vehicle significantly dropped for companies listing on London Stock Exchange, even those with headquarters Scotland. This article explores whether could be said to caused by differences company law between English and law. It identifies there are low when it comes known differences, but is at disadvantage implicit (for example, nature share) uncertain Duomatic principle, or any other equity-based applies under law). The framework market exists intra-UK. As such, seems possible reduction form arises because higher costs using form. represents methodological development more generally – an atomisation approach, distilling into its component private aspects.