The financial industry puts the Basle Committee under strain to align regulatory capital with economic capital. This could be reached by allowing more flexibility in the choice of risk measure for regulatory reporting. Markus Leippold and Paolo Vanini show that if banks could use the...

Strict liabilities prevails at major accidents. According to the Polluter Pays Principle,l it is the liable party who pays for any damage. The accidents may be very large, however, compared to the assets of the liable plant owner. The liable party may, therefore, simply go bankrupt and leave the...

In this paper we report a study of 10 Polish immigrant entrepreneurs operating inLeicester, UK. Like Ram, Theodorakopoulos and Jones (2008) we take a forms-ofcapitalapproach but use Bourdieu’s (1983) social, cultural and economic capitals asthe lens through which to explore their pathways to...