Entscheidungen. Für die Rechtsformwahl sind eine Reiheverschiedener Entscheidungskriterien (z.B. Haftung, Leitungsbefugnis … different decision criteria (e.g. liability, managementauthority, sourcing of capital etc.) are material to selecting the legal …

Our article integrates the manager’s care in the literature on auditor’s liability. With unobservable efforts, we face … a double moral hazard setting. It is well-known that efficient liability rules without punitive damages do not exist … under these circumstances. However, we show that the problem can be solved through strict liability, con-tingent auditing …

Institutions that rely on joint liability to facilitate lending to the poor have a long historyand are now a common … feature of many developing countries. Economists have proposedseveral theories of joint-liability lending that stress various … highlight how joint liability works in practice.[...] …