Research presented at the third annual Journal of Accounting and Public Policy Conference in College Park, Md., shows how the expectation of a safety net — which comes with strings attached — actually reins in shareholders and managers with limited liability.
Be first with big ideas.
The Smith School’s world-class faculty discuss their latest research on topics of broad interest and importance at the ThoughtLeadership@Smith Speaker Series.
Dr. Clifford Rossi is a Tyser Teaching Fellow and executive-in-residence in the finance department at the University of Maryland's Robert H. Smith School of Business. Rossi writes a weekly column for American Banker called "Risk Doctor."