We investigate the effects of the abolition of double liability requirement imposed on bank shareholders in Canada on … bank risk-taking and lending behavior. Under the double liability rule, the shareholders of a bank were liable up to twice … double liability requirement became less stringent and depended on the pace of the redemption of notes in circulation issued …

tightening accountability and legal liability of outside directors. The causal effect of this reform on bank risk is identified … liability regimes. -- Corporate governance ; outside directors ; legal liability ; bank risk … Sparkassen zu verbessern. Insbesondere wurde die Haftung von Verwaltungsratsmitgliedern von Sparkassen verschärft, so dass diese …

Does enhanced shareholder liability reduce bank failure? We compare the performance of around 4,200 state …-regulated banks of similar size in neighboring U.S. states with different liability regimes during the Great Depression. The distress … rate of limited liability banks was 29% higher than that of banks with enhanced liability. Results are robust to a diff …

as a liability only when the contingency materializes. This paper proposes a simple analytical model to estimate …

Does additional shareholder liability reduce bank failure? We compare the performance of around 4,400 state …-regulated banks of similar size in neighboring U.S. states with different liability regimes during the Great Depression. We find that … additional shareholder liability reduced bank failure by 30%. Results are robust to a diff-in-diff analysis incorporating …

conventional model of governance. I therefore propose a modification to that model: a regime of double bank shareholder liability …

liability would not be unlimited, but it should potentially adversely affect the banker's standard of living. Ideally, the …