Plausibly Exogenous [1946] - Personal Liability (06/01/2025)

LHS Variable
Corporate environmental externalities

RHS Variable
Imposing personal liability on directors and officers

Source of Exogenous Variation
Landmark court case that increased perceptions of out-of pocket liability risk related to corporate releases of toxic chemical

- Bucourt (2025), “Real Effects of Personal Liability: Evidence from Industrial Pollution”