Corporate rules won't redistribute wealth, but could harm efficiency.
The article questions whether changing corporate rules to favor non-stockholders over stockholders can lead to greater fairness. It argues that altering these rules may not actually redistribute wealth as assumed, but could harm the efficiency of the corporation. The study suggests that while corporate rules may not be biased against non-stockholders, changing them might not benefit them either. Instead, it emphasizes that these rules can impact the overall efficiency of the corporation, affecting everyone involved.