| Budget Amount *help |
¥4,940,000 (Direct Cost: ¥3,800,000、Indirect Cost: ¥1,140,000)
Fiscal Year 2016: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2015: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2014: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2013: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2012: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
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| Outline of Final Research Achievements |
This research project has investigated the performance-based principle of benefit and its effect on finance to which the trust scheme is applied. The performance-based principle of benefit is inherent and formally essential to trust as "asset management for others" on trustee's limited liability and on the complete prohibition against his enjoyment of trust property. The project has first clarified the institutional and legal characteristics of this benefit principle in the light of finance. Its application institutionally determines the way how the risk is distributed and borne among trust parties in financial intermediation performed by institutional trustees. As the main concern of the project, it has examined the financial function of the trust scheme working with this benefit principle and has grasped the risk-sharing effect of the scheme among financial agents, leading to a further institutional approach to the financial intermediation under the trust relationship.
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