Gilson and Gordon’s “agency capitalism” framework to put forward a new agency costs theory of sustainable capitalism. In this …

We examine the effect of liability protection on the compensation of directors and on takeover outcomes. Consistent … with the hypothesis that directors require additional compensation if they bear liability, we find that director … compensation is higher for firms that provide less liability protection. Examining takeovers, we find evidence that takeovers of …

economic importance of the corporate form's hallmark features: legal personality, limited liability, transferable shares …

This Article argues that the liability framework governing securities trading is unable to effectively deter and … compensate harms in algorithmic markets. Theory underscores the significance of robust laws to safeguard information flows and …, benchmarking compliance using the three familiar standards grounding liability: (i) intent; (ii) negligence; and (iii) strict …

This Article offers a theory of secured credit that aims to answer fundamental questions that have long percolated in … pay their debts?This Article argues that security interests are best understood as a form of “limited liability property ….” Limited liability—the privilege of being legally shielded from liability that would normally apply—has long been considered …

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

The typical large corporation divides itself into numerous subsidiaries but then overrides the liability barriers … theories of the corporate group cannot explain why. The leading theory posits that the subsidiaries make it easier for …, the triggering of liability on the guarantees makes no difference to the shareholders, whose equity stakes are wiped out …

regarding liability, compensation, and appointment power. The liability regime for the supertrustee should take account of the …