haku: @author Boyer, M. / yhteensä: 12
viite: 5 / 12
| Tekijä: | Boyer, M. Laffont, J-J. |
| Otsikko: | Environmental risks and bank liability |
| Lehti: | European Economic Review
1997 : AUG, VOL. 41:8, p. 1427-1459 |
| Asiasana: | BANKING POLLUTION LIABILITY ENVIRONMENTAL ECONOMICS RISK |
| Kieli: | eng |
| Tiivistelmä: | Laws to recover from the liable parties the clean-up costs caused by pollution damages are introduced or considered to be introduced by many governments. In particular, the banks who finance the firms causing environmental damages may be considered liable. In the paper, a model is developed in which the insurance sector may insure the firm for the pollution risk and the bank may lend money for investment. In the end, there is a discussion of the implications of the results with regards to liability laws for environmental damages. |
SCIMA