“Limited Liability: A Legal and Economic Analysis” by Stephen Bainbridge (UCLA) and Todd Henderson (University of Chicago)

Read first chapter here.

“Despite its obvious benefits in encouraging socially productive risk taking, limited liability has social costs as well. In particular, it allows corporations to externalize a certain amount of costs and risks onto third parties.”

Author: Joeri Vananroye

Professor of economic analysis of law (KU Leuven), attorney (Quinz)

2 thoughts on ““Limited Liability: A Legal and Economic Analysis” by Stephen Bainbridge (UCLA) and Todd Henderson (University of Chicago)”

  2. Pingback: The principle of limited liability. A reminder on Salomon v A Salomon & Co Ltd – Corporate Finance Lab

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