The Limits of Limited Liability: Evidence from Industrial Pollution
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DOI: 10.1111/jofi.12978
Abstract: We study how parent liability for subsidiaries' environmental cleanup costs affects industrial pollution and production. Our empirical setting exploits a Supreme Court decision that strengthened parent limited liability protection for some subsidiaries. Using a difference‐in‐differences… read more here.
Keywords: limits limited; liability; limited liability; evidence ... See more keywords