In order to mobilize the funds needed for large-scale enterprises,most European countries enacted limited-liability laws ensuring that stockholders could lose only the value of their shares in the event of bankruptcy.

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Limited-liability laws were enacted in most European countries to ensure that stockholders could only lose the value of their shares in case of bankruptcy, which helped mobilize funds for large-scale enterprises.

In Order to Mobilize the Funds Needed for Large-Scale Enterprises,most