Equity Finance: matching liability to power

Goodhart, C. A. E.; and Lastra, Rosa (2020) Equity Finance: matching liability to power [['eprint_typename_blog_post' not defined]]
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Since the Great Financial Crisis, a debate has been raging over how better to align financial power and liability, with solutions ranging from bonus clawbacks to new legal responsibilities for corporations. Guest authors Charles Goodhart of the London School of Economics and Rosa Lastra of Queen Mary University propose a more radical proposal - a shake-up of limited liability.

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