Objective: To assess the characteristics and incidence of medical litigation in China and the potential usefulness of the records of such litigation as an indicator of healthcare quality. Methods: We investigated 13,620 cases of medical malpractice litigation that ended between 2010 and 2015 and...

"A liquidity-constrained entrepreneur needs to raise capital to finance a business activity that may cause injuries to third parties -- the tort victims. Taking the level of borrowing as fixed, the entrepreneur finances the activity with senior (secured) debt in order to shield assets from the...