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Lender Liability for Environmental Risk Revisited

Author

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

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.

Suggested Citation

  • Ono, Tetsuo & 小野, 哲生 & オノ, テツオ & Maeda, Yasuo & 前田, 康男 & マエダ, ヤスオ, 2003. "Lender Liability for Environmental Risk Revisited," Discussion Paper 152, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    • Handle: RePEc:hit:piedp1:152
    Note: This paper was presented at APFA Finance Conference in 2002 held in Tokyo.
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    File URL: https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/14469/pie_dp152.pdf
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    More about this item

    Keywords

    Environmental Risk; Lender Liability;

    JEL classification:

    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law

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