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Business Organizations Law Commons™

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2011

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Institution
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Articles 241 - 243 of 243

Full-Text Articles in Business Organizations Law

Strategic Liability In The Corporate Group , Richard Squire Jan 2011

Strategic Liability In The Corporate Group , Richard Squire

Faculty Scholarship

The typical large corporation divides itself into numerous subsidiaries but then overrides the liability barriers between them by having the subsidiaries and the parent company cross-guarantee each other's major debts. Previous scholarly theories of the corporate group cannot explain why. The leading theory posits that the subsidiaries make it easier for creditors to evaluate risk because they enable each creditor to lend against a discrete asset pool within the broader enterprise. But any such efficiency would be undercut by the guarantees, which transmit credit risk across subsidiary boundaries. This Article argues that the combination of subsidiaries and intragroup guarantees reflects …

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Yes, Labor Markets Are Flawed--But So Is The Economic Case For Mandating Employee Voice In Corporate Governance, Scott A. Moss Jan 2011

Yes, Labor Markets Are Flawed--But So Is The Economic Case For Mandating Employee Voice In Corporate Governance, Scott A. Moss

Publications

No abstract provided.

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Wilkes V. Springside Nursing Home, Inc.: A Historical Perspective, Mark J. Loewenstein Jan 2011

Wilkes V. Springside Nursing Home, Inc.: A Historical Perspective, Mark J. Loewenstein

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No abstract provided.

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