Equity Finance: matching liability to power

Goodhart, C. A. E. & Lastra, R. (30 April 2020) Equity Finance: matching liability to power. Insight.
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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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