Enterprise Liability for Corporate Groups — A More Efficient Outcome for Creditors: Part II
Keeping Good Companies, Vol. 63, No. 7, pp. 410-413, 2011
2 Pages Posted: 29 Apr 2013
Date Written: August 1, 2011
The first half of this article considered how the actions of directors seeking to serve the interests of parent company shareholders may result in losses to creditors of corporate group members. In this second half, current creditor protections are compared to the adoption of enterprise liability as a means of efficiently limiting such debtor opportunism.
Keywords: Cases, Stock ownership, Investor relations, Fraud, Law and legislation, Financial services industry, Enterprise liability, Limited liability
JEL Classification: G33, G34, K22, K23
Suggested Citation: Suggested Citation