Lender Liability for Environmental Risk Revisited

Tetsuo Ono, 哲生 小野, テツオ オノ, Yasuo Maeda, 康男 前田 and ヤスオ マエダ

No 152, Discussion Paper from Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University

Abstract: There have been opposing conclusions in the literature as to whether lender liability increases the probability of environmentally harmful accidents. This paper shows that s multiplicity of equilibria is the key to solve such contradictory conclusions.

Keywords: Environmental Risk; Lender Liability (search for similar items in EconPapers)
JEL-codes: K32 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2003-05
Note: This paper was presented at APFA Finance Conference in 2002 held in Tokyo.
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Persistent link: https://EconPapers.repec.org/RePEc:hit:piedp1:152

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