as forced liquidation. Firms under limited liability are characterized by higher growth and higher insolvency rates than … details of liability regulation and taxation rules which German entrepreneurs face when choosing a particular legal form for … comparable firm under full liability. We also confirm the previously found negative relationship between employment growth and …

expected harm. We find that, even with customers being perfectly informed about product variants' safety, product liability can … discrimination. In this context, strict liability has to be accompanied by a defense of product misuse, but reasonable use of the …

Correlated defaults and systemic risk are clearly priced in credit portfolio securities such as CDOs or index CDSs. In … correlated defaults primarily impact the CDS prices of firms with an overall low CDS level. (III) Idiosyncratic risk factors for …