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Review of Law & Economics

Editor-in-Chief: Parisi, Francesco / Engel, Christoph

Ed. by Cooter, Robert D. / Gómez Pomar, Fernando / Kornhauser, Lewis A. / Parchomovsky, Gideon / Franzoni, Luigi

3 Issues per year

CiteScore 2017: 0.30

SCImago Journal Rank (SJR) 2017: 0.195
Source Normalized Impact per Paper (SNIP) 2017: 0.410

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Volume 7, Issue 1


Corporate Liability and Internal Procedures

Paul Calcott
Published Online: 2011-11-24 | DOI: https://doi.org/10.2202/1555-5879.1330

A firm’s impact on social objectives such as environmental standards can often be moderated by procedures–the workplace rules that guide employee behavior. The legal framework can provide incentives for firms to adopt such procedures. For example, firms could be immunized from liability for harm when a suitable procedure has been put in place. However, such immunization tends to deliver excessive incentives for proceduralization, and sometimes also insufficient incentives for firms to enforce procedures. Despite these disadvantages, there are cases in which procedural immunization is socially desirable.

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Published Online: 2011-11-24

Citation Information: Review of Law & Economics, Volume 7, Issue 1, Pages 319–336, ISSN (Online) 1555-5879, DOI: https://doi.org/10.2202/1555-5879.1330.

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