The Influence of the Principles of Management Science on the Drafting of Business Law

Abstract

This article examines the influence of management science on the formulation of business law, by highlighting the interactive relationship between the evolution of management theories and the transformations in the legal regulation of business and economic activities. It demonstrates that the transition from the traditional concept of management to modern management science—based on planning, decision-making, control, and performance analysis—has given rise to new regulatory needs that have necessitated the development of legal rules consistent with the requirements of economic efficiency and corporate governance. The article also explains that globalization and economic and technological changes have contributed to the reshaping of sources of legislation, and that management science has become one of the influential references in the formulation of business law rules, particularly in the field of corporate law. It concludes that the relationship between management science and private law is one of complementarity and mutual influence, in which each draws on the other to strike a balance between the requirements of economic efficiency and the guarantee of legal certainty, thereby enhancing the ability of legislation to keep pace with the transformations taking place in the business environment.