Economic Analysis of Bankruptcy Law

破产法的经济分析

• 批准号: 14320015
• 负责人: YOSHIHARA Kazushi
• 金额: $ 9.15万
• 依托单位: Tohoku University
• 依托单位国家: 日本
• 项目类别: Grant-in-Aid for Scientific Research (B)
• 财政年份: 2002
• 资助国家: 日本
• 起止时间: 2002 至 2005
• 项目状态: 已结题
• 来源: https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-14320015/
• 关键词: law and economics; mandatory or default rules; bankruptcy; civil-rehabilitation act; mortgages; 会社と倒産法制; 経済分析; 解雇; 会社法と倒産制度; 倒産法制; 法と経済学; 情報開示; 倒産申立; 産業再生; 倒産法; 破産法; 会社更生法; 消費者倒産; 会社支配権市場

Our research group has analyzed the bankruptcy law in Japan from an interdisciplinary viewpoint of law and economics. Especially, we have focused on how the bankruptcy law is working now and should be functioning for the Japanese society. This point was very ambitious and different from previous studies because the collaboration and coordination between legal scholars and economists could be hardly observed except a particular field such as the corporate law. The interdisciplinary approach has not been dominant in the legal study in Japan, and thus, our challenging study was considered effective at the beginning of our research, and actually, that was true.We started to understand each other's discipline appropriately, and then, discussed how different the whole legal rules of bankruptcy are from the rules that are applied outside bankruptcy. Bankruptcy is a kind of 'irregular' option for firm managers since firm management is more likely assumed or expected to continue. The bankruptcy law, however, should be consistent with the law that is applied when firms engage in 'regular' restructuring strategies such as sales of firms' assets. This is a main conclusion of our research. Moreover, we extended our study to various topics such as desirable collateral and takeover rules, keeping incentives of employees, management of insurance companies and banks, and so on.The bankruptcy law and the corporate law were drastically reformed during our research period. Our results, however, are crucial as the theoretical foundation of the bankruptcy law.

我们的研究小组从法学和经济学的跨学科角度对日本的破产法进行了分析。特别是，我们重点关注破产法现在如何运作以及应该如何为日本社会发挥作用。这一点是非常雄心勃勃的，与以往的研究不同，因为除了公司法等特定领域之外，很难观察到法学家和经济学家之间的合作和协调。跨学科方法在日本的法学研究中尚未占主导地位，因此，我们的挑战性研究在我们研究之初被认为是有效的，事实上，确实如此。我们开始适当地了解彼此的学科，然后，讨论破产的整个法律规则与破产之外适用的规则有多么不同。破产对于公司管理者来说是一种“非常规”选择，因为公司管理层更有可能被假定或预期会继续下去。然而，破产法应与公司从事“常规”重组策略（例如出售公司资产）时适用的法律保持一致。这是我们研究的一个主要结论。此外，我们的研究还扩展到了各种主题，例如理想的抵押品和收购规则、保持员工的激励、保险公司和银行的管理等等。在我们的研究期间，破产法和公司法进行了大幅改革。然而，我们的结果作为破产法的理论基础至关重要。

项目成果

Treasury Shares in new Japanese Corporation Law

新日本公司法中的库存股

• 发表时间: 2006
• 期刊: Hogaku-Kyoshitsu Vol.304
• 作者: MATSUI;Tomoyo
• 通讯作者: Tomoyo

投資サービスレギュレーションと銀行規制(1)

投资服务监管和银行监管 (1)

• 发表时间: 2005
• 期刊: 東北大学法学 69-4
• 作者: 松井 智予

更生手続開始と係属する訴訟・執行手続

启动重组程序和未决诉讼/执行程序

• 发表时间: 2003
• 期刊: 判例タイムズ 1132
• 作者: YOSHIHARA;Kazushi;江口 匡太;後藤 剛史;小林 佳世子;山下 友信;小林 佳世子;菱田 雄郷
• 通讯作者: 菱田 雄郷

情報開示制度の効果

信息披露制度的作用

• 发表时间: 2003
• 期刊: 法と経済学会全国大会研究発表論文 梗概集
• 作者: YOSHIHARA;Kazushi;江口 匡太;後藤 剛史;小林 佳世子;山下 友信;小林 佳世子
• 通讯作者: 小林 佳世子

Consructive Payment in Small Business Loan

小企业贷款的建设性付款

• 发表时间: 2005
• 期刊: Jurist 1285
• 作者: SAKAKI;Motohiro
• 通讯作者: Motohiro