Glasgow, Scotland
United Kingdom
University of Glasgow, Business School
open and closed corporations, employee ownership, residual risk-bearing (ownership) and decision-making (control), residual and `moral debt` claims, agency costs, distributive justice, maximizing the firm value to society, stakeholders and shareholders.
Vicious cycle, tail-risk strategies, inefficient-by-design policies, political capture, net loss, remediableness
Moral debt, Ethical business decisions, Distributive justice, Maximizing the firm value to society