Limited Liability, Corporate Value, and the Demand for Liability Insurance
- 1 December 1990
- journal article
- Published by JSTOR in Journal of Risk and Insurance
- Vol. 57 (4) , 581
- https://doi.org/10.2307/252945
Abstract
This article models a corporation characterized by a positive probability of insolvency, in a financial market setting. The analysis shows that the positive ins...Keywords
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