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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
Removing Impediments To Water Markets, B. Delworth Gardner
Removing Impediments To Water Markets, B. Delworth Gardner
Faculty Publications
A few years ago it was mostly economists, notably those of a libertarian stripe who were advocating voluntary market exchanges of water in the West. Now these exchanges, or transfers as they are sometimes referred to, are being unabashedly recommended by water users, politicians, bureaucrats, and even environmental organizations, who have come to see their value for achieving a more efficient water allocation. Water markets are an idea whose time has finally arrived.
Corporate Loans To Directors And Officers -- Every Business Now A Bank?, Jayne W. Barnard
Corporate Loans To Directors And Officers -- Every Business Now A Bank?, Jayne W. Barnard
Faculty Publications
In most states, a corporation may loan money to an officer or director if the board of directors authorizes the loan and finds that it will "benefit" the corporation. According to Professor Jayne W. Barnard, however, this benefit requirement has proved to be an illusory standard. Barnard reviews existing law on the subject and surveys the executive lending practices of 152 publicly held corporations. She concludes that executive loan enabling statutes have failed to consider the risks involved in making such loans, such as illiquidity, inadequate collateralization, inclination to default, and volatility of the economy. As a result, current laws …