Bogle, David A.; Campbell, Gareth; Coyle, Christopher; … - 2022
Why did shareholder liability disappear? We address this question by looking at its use by British insurance companies …) shareholders saw an opportunity to expunge something they disliked when insurance companies grew in size. Using hand … from 1830 until its complete disappearance by 1975. We explore three explanations for its demise: (1) regulation and …