Use It For
Use this to connect limited liability and veil piercing with environmental externalities.
Teaching Notes
Pair it with Guiding Case No. 215 and ask how liability pressure changes corporate environmental behavior before litigation occurs.
literature Mainland China English original
Limited Liability, Piercing the Corporate Veil and Pollution Abatement: Evidence from China
Uses the introduction of veil piercing in Chinese company law as a shock to study pollution behavior, finding reduced pollution intensity and fewer highly polluting firms.