kaal:claim:1558614-017

For different structural reasons in each country, corporate law in both Germany and the United States has little to say about the problem of excessive risk.

Thus, perhaps for differ- ent reasons, corporate law in both countries may have little to say about the problem of excessive risk.

Painter and Kaal, Initial Reflections on an Evolving Standard Constraints on Risk Taking by Directors and Officers in (2010), III. Cultural Components of Risk Taking and Controlling Risk, p. 22
https://ssrn.com/abstract=1558614 · source PDF

Painter and Kaal, Initial Reflections on an Evolving Standard Constraints on Risk Taking by Directors and Officers in (2010). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1558614

failuresupport: arguedfailure: corporate law silence on riskfamily: regulatory-lagrisk-and-incentives

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