Grants

Dutch Research Council (NWO) Vidi grant "Limited liability and entrepreneurship".

Limited liability leads to more risk sharing between entrepreneurs and creditors, but also creates agency conflicts. To what degree does it stimulate or stifle entrepreneurship?

European Research Council (ERC) Consolidator grant "Historical Insights into Limited Liability".

Heralded as "one of man's greatest inventions", limited liability is one of the cornerstones of economic life, limiting downside risk for firm owners and managers. At the same time, limited liability creates agency conflicts. What is its optimal level?