Table 1 Comparisons of the two types of risk-sharing rules
From: Why are risk-sharing rules uncertain? A sociological study of local financial governance
The subject | Rule of Risk | Who shares the risk | Implementation procedure | Legitimacy | Institutional Basis |
|---|---|---|---|---|---|
Investors | Risk-sharing | Government, intermediaries | Government mobilization | Government role | Norms, Perceptions |
Government, Intermediary | Risk-bearing | Investors | Court decisions | Contractual terms | Legal principles |