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Business Organizations Law

University of Maryland Francis King Carey School of Law

Financial crisis

Articles 1 - 9 of 9

Full-Text Articles in Law

Stewardship In The Interests Of Systemic Stakeholders: Re-Conceptualizing The Means And Ends Of Anglo-American Corporate Governance In The Wake Of The Global Financial Crisis, Zhong Xing Tan Jan 2014

Stewardship In The Interests Of Systemic Stakeholders: Re-Conceptualizing The Means And Ends Of Anglo-American Corporate Governance In The Wake Of The Global Financial Crisis, Zhong Xing Tan

Journal of Business & Technology Law

No abstract provided.


Barriers To Effective Risk Management, Michelle M. Harner Jan 2010

Barriers To Effective Risk Management, Michelle M. Harner

Faculty Scholarship

“As long as the music is playing, you’ve got to get up and dance. We’re still dancing.”**

This now infamous quote by Charles Prince, Citigroup’s former Chief Executive Officer, captures the high-risk, high-reward mentality and overconfidence that permeates much of corporate America. These attributes in turn helped to facilitate a global recession and some of the largest economic losses ever experienced in the financial sector. They also represent certain cognitive biases and cultural norms in corporate boardrooms and management suites that make implementing a meaningful risk culture and thereby mitigating the impact of future economic downturns a challenging proposition.

The …


The Madoff Scandal, Market Regulatory Failure And The Business Education Of Lawyers, Robert J. Rhee Jan 2010

The Madoff Scandal, Market Regulatory Failure And The Business Education Of Lawyers, Robert J. Rhee

Faculty Scholarship

This essay suggests that a deficiency in legal education is a contributing cause of the regulatory failure. The most scandalous malfeasance of this new era, the Madoff Ponzi scheme, evinces the failure of improperly trained lawyers and regulators. It also calls into question whether the prevailing regulatory philosophy of disclosure of disclosure is sufficient in a complex market. This essay answers an important question underlying these considerations: What can legal education do to better train business lawyers and regulators for a market that is becoming more complex? One answer, it suggests, is a simple one: law schools should teach a …


The Subprime Meltdown: Causes, Consequences, And Solutions Jan 2009

The Subprime Meltdown: Causes, Consequences, And Solutions

Journal of Business & Technology Law

No abstract provided.


Why Did Anyone Listen To The Rating Agencies After Enron?, Claire A. Hill Jan 2009

Why Did Anyone Listen To The Rating Agencies After Enron?, Claire A. Hill

Journal of Business & Technology Law

No abstract provided.


So Now Who Is Special?: Business Model Shifts Among Firms That Borrow To Lend, José Gabilondo Jan 2009

So Now Who Is Special?: Business Model Shifts Among Firms That Borrow To Lend, José Gabilondo

Journal of Business & Technology Law

No abstract provided.


Rating Agencies And Reputational Risk, David Reiss Jan 2009

Rating Agencies And Reputational Risk, David Reiss

Journal of Business & Technology Law

No abstract provided.


The Legacy Of Deregulation And The Financial Crisis: Linkages Between Deregulation In Labor Markets, Housing Finance Markets, And The Broader Financial Markets, Damon Silvers, Heather Slavkin Jan 2009

The Legacy Of Deregulation And The Financial Crisis: Linkages Between Deregulation In Labor Markets, Housing Finance Markets, And The Broader Financial Markets, Damon Silvers, Heather Slavkin

Journal of Business & Technology Law

No abstract provided.


Reflections On State Regulation: A Lesson Of The Economic Turmoil Of 2007-2009 , Ralph S. Tyler, Karen Stakem Hornig Jan 2009

Reflections On State Regulation: A Lesson Of The Economic Turmoil Of 2007-2009 , Ralph S. Tyler, Karen Stakem Hornig

Journal of Business & Technology Law

No abstract provided.