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This Article documents and analyzes a powerful form of regulatory competition -competition for investments -that has been transforming national corporate laws in the European Union in recent years. Unlike the competition for incorporations that shapes Delaware corporate law and, by some accounts, the corporate laws of other American states as well, competition for investments sparks innovation in corporate law when firms cannot incorporate outside the jurisdiction in which they operate, and isdoi:10.2139/ssrn.720121 fatcat:7b5gmu5ysbd5xpetpmguvl5c7a