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Risque juridique et rôle des banques dans le gouvernement des entreprises

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  • Laurent Vilanova

    () (Université de Cergy-Pontoise)

Abstract

During the last decade, there was a growing body of case law of lender liability in the United States and France. This doctrine, whose prime goal is to protect investors against opportunism by banks, limits the involvement of banks in the management of commercial firms. This article explores the consequences of this doctrine of lender liability. We ask three questions: what is the "dark side" of relationship banking? Why do we see such variation across countries concerning lender liability? Is the lender liability doctrine efficient?

Suggested Citation

  • Laurent Vilanova, 2002. "Risque juridique et rôle des banques dans le gouvernement des entreprises," Revue Finance Contrôle Stratégie, revues.org, vol. 5(4), pages 137-175, December.
  • Handle: RePEc:dij:revfcs:v:5:y:2002:i:q4:p:137-175
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    More about this item

    Keywords

    banks; lender liability; financial distress.;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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