Gillman, Max; Hogan, James - In: International Journal of Social Economics 26 (1999) 4, pp. 487-500
New Zealand’s 1993 Companies Act defines reckless trading as when a director/manager induces a “substantial risk of … investments during the continued existence of a firm. Replacing the standard of moral failing with a standard of objective risk … redistribution of property rights. It biases investment towards lower risk, lower yield ventures, and is expected to decrease New …