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《Peking University Law Journal》 2019-05
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The Economic Functions and Legal Constraint of the Separation of the Enterprise's Assets from Its Owners Perspective of the Theroy of Asset Partitioning

Zeng Si;  
The theory of asset partitioning,like the Coase theorem,focuses on the question of whether law matters in the allocation of property rights.By analyzing the transaction costs associated with property rights arrangements of enterprises,the theory of asset partitioning offers an explanation for the economic functions of enterprises law.Current studies have not fully recognized the normative implications of this theory:it suggests that respecting the separate property arrangements of the enterprise generates both social costs and benefits which need to be taken into account in the design of enterprise law.Meanwhile,as a law and economics theory,the theory of asset partitioning focuses almost entirely on efficiency but not equality.This article develops the current theory into a framework and identifies certain factors that may affect the costs and benefits of different property rights arrangements in enterprise law,which can be employed to analyze several issues in Chinese law,including the piercing and reverse piercing of corporate veil,substantive consolidation,and the rule of debt-follow-asset.
【CateGory Index】: D922.291.91
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【Citations】
Chinese Journal Full-text Database 6 Hits
1 Huang Hui;An Empirical Study on the Veil-piercing System in China[J];法学研究;2012-01
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【Co-citations】
Chinese Journal Full-text Database 10 Hits
1 Wang Liming;;On Contract Law's Organizational Role in Economy[J];中外法学;2017-01
2 Xue Bo;Liu Haoran;;The Reform of the Corporation Personality Denial System Application under the Circumstance of “Remarkably Inadequate Capital”[J];行政与法;2015-12
3 Huang Hui;;The Justification of the Corporate Capital System:An Economic Analysis on the Legal Functions of Creditor Protection[J];中国法学;2015-06
4 Gan Peizhong;Xu Ke;School of Law,Peking University;;The Potential Impact of the Subscription Capital System on the Independence of Corporations and Its Challenges[J];北京大学学报(哲学社会科学版);2015-06
5 HUANG Ji-hong;WANG Zhe;Law School,Yunnan University;;Expansion of the Parent Company's Shareholders' Right of Access under the Framework of Parent-Subsidiary Corporation[J];新疆大学学报(哲学·人文社会科学版);2015-05
6 Rao Zhijing;;Confirmation of Labor Relationship in Affiliated Enterprises: Dilemmas and Solutions[J];江海学刊;2015-05
7 WANG Jun;;Confusion of Personality and Disregard of Legal Personality——Comment on No. 15 of Cases Summary by the Supreme Court[J];北方法学;2015-04
8 WENG Sun-zhe;ZHANG Fu-qiang;Law School of Fudan University;Law Depart of Zhejiang Police College;Enrollment Office of Zhejiang Police College;;The Boundary of the Corporation's Liability in American Contaminated Land Litigation[J];华中农业大学学报(社会科学版);2015-03
9 HU Gairong;;Application of Disregard of Corporate Personality under State of Obviously Inadequate Capital[J];法学评论;2015-03
10 XUE Bo;Zhongnan University of Economics and Law;;After the Theory of Company Capital System Reforms of Creditor Protection Mechanism of Perfect[J];时代法学;2015-02
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1 Lei Xing-wu,Liu Bin(Zhongnan University of Economics and Law,Wuhan 430073,China);On the Application Scope Expansion of Appeal Subject in Disregard of Corporate Personality[J];政法学刊;2010-04
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4 ;美国《统一欺诈性转让法》一瞥及其借鉴[J];环球法律评论;2007-02
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