本科公司法第一篇总论.pptVIP

Management risk taking 鼓励管理层挑战经营风险 Without the nonrecourse promise of limited liability, managers would be reluctant to undertake high-risk projects, even when the project promises net positive returns (expected gains exceed expected loss). 如果没有有限责任这种不可追索的承诺，管理层将不愿意挑战高风险的投资项目，即便该项目可带来净收益（即预期收益高于预期损失，因为顾及投资者的经营风险） Limited liability encourages desirable risk taking. 有限责任鼓励管理层挑战必要的经营风险。 Corporate Personality（公司人格） Corporations are recognized at law as separate legal entities. Upon registration under the Corporations Act, the company becomes a separate legal person, distinct from; inter alia, it