This chapter discusses the law and finance scholarship, from its beginning to its developments into legal research and policymaking. The key issue of the importance of law for finance is illustrated along with the controversy on the law matters proposition. The focus of the chapter, however, is on what is missing from the framework originally set by La Porta et al. I argue that the importance of the law for finance goes beyond investor protection. Efficient corporate law must include the support for entrepreneurship in corporate governance.