Limited Liability: A Legal and Economic Analysis
- ISBN-10
- 1783473037
- ISBN-13
- 9781783473038
- Category
- Business & Economics
- Pages
- 336
- Language
- English
- Published
- 2016-09-30
- Publisher
- Edward Elgar Publishing
- Authors
- Stephen M. Bainbridge, M. Todd Henderson
Description
The modern corporation has become central to our society. The key feature of the corporation that makes it such an attractive form of human collaboration is its limited liability. This book explores how, by allowing those who form the corporation to limit their downside risk and personal liability to only the amount they invest, there is the opportunity for more risks taken at a lower cost.
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