2011 Fiscal Year Final Research Report
Shareholdings of Financial Institutions : Application and Expansion of the Theory of Private Benefit
Project/Area Number |
22730067
|
Research Category |
Grant-in-Aid for Young Scientists (B)
|
Allocation Type | Single-year Grants |
Research Field |
Civil law
|
Research Institution | Hokkaido University |
Principal Investigator |
TOKUTSU Akira 北海道大学, 大学院・法学研究科, 准教授 (30376389)
|
Project Period (FY) |
2010 – 2011
|
Keywords | 私的利益 / 金融法 / 銀行法 / 会社法 / 株式所有構造 / 国際情報交換 / アメリカ |
Research Abstract |
This research showed that industrial-specific regulations like banking law and anti-trust law had the function to lead to allow voting right to shareholder who had adequate incentive to manage corporation. This function is same as one of corporate law and related to private benefit theory. Private benefit theory cannot lead general and universal outcome because it focuses just on shareholdings among all investments. Rather than private benefit theory, providing credible commitment is more important for economic growth.
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Research Products
(11 results)