Peng Xu
- Published in print:
- 2007
- Published Online:
- September 2007
- ISBN:
- 9780199284511
- eISBN:
- 9780191713705
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199284511.003.0006
- Subject:
- Economics and Finance, South and East Asia
This chapter presents evidence on recent bankruptcy resolution and bankruptcy reform in Japan. Prior to bankruptcy, bank lenders are less likely to intervene than they did before bankruptcy. Most ...
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This chapter presents evidence on recent bankruptcy resolution and bankruptcy reform in Japan. Prior to bankruptcy, bank lenders are less likely to intervene than they did before bankruptcy. Most bankrupt firms experience abnormal president turnover around bankruptcy filings. Civil Rehabilitation firm expenditure in bankruptcy is substantially shorter than that in a Corporate Reorganization firm. Also, Corporate Reorganization firms have proven to emerge quicker after the 2000 bankruptcy reform. The main difference between rehabilitation duration and reorganization duration is that leverage only prolongs Civil Rehabilitation duration.Less
This chapter presents evidence on recent bankruptcy resolution and bankruptcy reform in Japan. Prior to bankruptcy, bank lenders are less likely to intervene than they did before bankruptcy. Most bankrupt firms experience abnormal president turnover around bankruptcy filings. Civil Rehabilitation firm expenditure in bankruptcy is substantially shorter than that in a Corporate Reorganization firm. Also, Corporate Reorganization firms have proven to emerge quicker after the 2000 bankruptcy reform. The main difference between rehabilitation duration and reorganization duration is that leverage only prolongs Civil Rehabilitation duration.
Sarah Paterson
- Published in print:
- 2020
- Published Online:
- December 2020
- ISBN:
- 9780198860365
- eISBN:
- 9780191892547
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780198860365.003.0001
- Subject:
- Law, Company and Commercial Law
Chapter 1 briefly maps the traditional contours of the debate between economically orientated and progressively orientated scholars of US corporate reorganization law. Specifically, it identifies a ...
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Chapter 1 briefly maps the traditional contours of the debate between economically orientated and progressively orientated scholars of US corporate reorganization law. Specifically, it identifies a group of concepts which have come to embody the disagreement between these scholars. It introduces the argument in the book that these concepts are less salient when certain adaptations of corporate reorganization law are examined, and that policy and analytical missteps arise if they continue to be adopted uncritically. It further introduces the comparative aspect of the book, which examines why different issues have arisen for scholars, practitioners, judges, and the legislature examining English corporate reorganization law. Moreover, it identifies what purpose the comparative approach serves for the work as a whole.Less
Chapter 1 briefly maps the traditional contours of the debate between economically orientated and progressively orientated scholars of US corporate reorganization law. Specifically, it identifies a group of concepts which have come to embody the disagreement between these scholars. It introduces the argument in the book that these concepts are less salient when certain adaptations of corporate reorganization law are examined, and that policy and analytical missteps arise if they continue to be adopted uncritically. It further introduces the comparative aspect of the book, which examines why different issues have arisen for scholars, practitioners, judges, and the legislature examining English corporate reorganization law. Moreover, it identifies what purpose the comparative approach serves for the work as a whole.
Hiroshi Oda
- Published in print:
- 2009
- Published Online:
- May 2009
- ISBN:
- 9780199232185
- eISBN:
- 9780191705335
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199232185.003.0013
- Subject:
- Law, Comparative Law
This chapter discusses Japanese insolvency law. Topics covered include basic laws, bankruptcy procedure, civil rehabilitation procedure, corporate reorganization procedure, and international ...
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This chapter discusses Japanese insolvency law. Topics covered include basic laws, bankruptcy procedure, civil rehabilitation procedure, corporate reorganization procedure, and international insolvency law.Less
This chapter discusses Japanese insolvency law. Topics covered include basic laws, bankruptcy procedure, civil rehabilitation procedure, corporate reorganization procedure, and international insolvency law.
Sarah Paterson
- Published in print:
- 2020
- Published Online:
- December 2020
- ISBN:
- 9780198860365
- eISBN:
- 9780191892547
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780198860365.001.0001
- Subject:
- Law, Company and Commercial Law
This book is concerned with the way in which forces of change, from the fields of finance and non-financial corporates, cause participants in the corporate reorganization process to adapt the ways in ...
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This book is concerned with the way in which forces of change, from the fields of finance and non-financial corporates, cause participants in the corporate reorganization process to adapt the ways in which they mobilize corporate reorganization law. It argues that scholars, practitioners, judges, and the legislature must all take care to connect their conceptual frameworks to the specific adaptations which emerge from this process of change. It further argues that this need to connect theoretical and policy concepts with practical adaptations has posed particular challenges when US corporate reorganization law has been under examination in the decade since the financial crisis. At the same time, the book suggests that English scholars, practitioners, judges, and the legislature have been more successful, over the course of the past ten years, in choosing concepts to frame their analysis which are sensitive to the ways in which corporate reorganization law is currently used. Nonetheless, it suggests that new problems may be on the horizon for English corporate reorganization lawyers in adapting their conceptual framework in the decades to come.Less
This book is concerned with the way in which forces of change, from the fields of finance and non-financial corporates, cause participants in the corporate reorganization process to adapt the ways in which they mobilize corporate reorganization law. It argues that scholars, practitioners, judges, and the legislature must all take care to connect their conceptual frameworks to the specific adaptations which emerge from this process of change. It further argues that this need to connect theoretical and policy concepts with practical adaptations has posed particular challenges when US corporate reorganization law has been under examination in the decade since the financial crisis. At the same time, the book suggests that English scholars, practitioners, judges, and the legislature have been more successful, over the course of the past ten years, in choosing concepts to frame their analysis which are sensitive to the ways in which corporate reorganization law is currently used. Nonetheless, it suggests that new problems may be on the horizon for English corporate reorganization lawyers in adapting their conceptual framework in the decades to come.
Philip Cooke and Kevin Morgan
- Published in print:
- 1998
- Published Online:
- October 2011
- ISBN:
- 9780198290186
- eISBN:
- 9780191684784
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198290186.001.0001
- Subject:
- Business and Management, Innovation, Political Economy
This book explores important issues of corporate reorganization in the context of heightened global competition. Its special focus is upon how firms associate with regional milieux. Innovation is a ...
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This book explores important issues of corporate reorganization in the context of heightened global competition. Its special focus is upon how firms associate with regional milieux. Innovation is a key factor in corporate and regional economic performance and the book shows how interactive innovation based on collective learning and associative practices are becoming increasingly significant. In-depth studies of inter-firm and firm-agency interactions are presented for four European regions: Baden-Württemberg and Emilia-Romagna as accomplished regional economies; Wales and the Basque Country as learning regions. The book is theoretically informed by an evolutionary economics perspective and draws policy conclusions which emphasize the importance of decentralized industrial policy in support of both corporate and regional economic development ambitions. It concludes that the associational economy may be the ‘third way’ between state and market co-ordination of modern economies.Less
This book explores important issues of corporate reorganization in the context of heightened global competition. Its special focus is upon how firms associate with regional milieux. Innovation is a key factor in corporate and regional economic performance and the book shows how interactive innovation based on collective learning and associative practices are becoming increasingly significant. In-depth studies of inter-firm and firm-agency interactions are presented for four European regions: Baden-Württemberg and Emilia-Romagna as accomplished regional economies; Wales and the Basque Country as learning regions. The book is theoretically informed by an evolutionary economics perspective and draws policy conclusions which emphasize the importance of decentralized industrial policy in support of both corporate and regional economic development ambitions. It concludes that the associational economy may be the ‘third way’ between state and market co-ordination of modern economies.
