2016 Fiscal Year Final Research Report
An Analytical Investigation of the Performance-Based Principle of Benefit: Risk-Bearing and Risk-Sharing under the Trust Scheme
| Project/Area Number |
24530381
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Kyushu International University |
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Principal Investigator |
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| Project Period (FY) |
2012-04-01 – 2017-03-31
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| Keywords | 金融論 / 信託 / 実績配当主義 / 金融仲介機能 / リスク負担機能 / 信託法 / 金融制度 / 金融仲介機関 |
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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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| Free Research Field |
金融機関論・金融制度論
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