The Cost and Efficiency of Bankruptcy Law

SONG Xiao-wei

Volume 16 Issue 4

Jul. 2021

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Article Navigation > Journal of University of Science and Technology Beijing ( Social Sciences Edition) > 2000 > 16(4): 75-80

HUANG Xiao-yuan, WANG Qing-dong. On the Reform of Competitive Public Utilities' Entrusting Relation[J]. Journal of University of Science and Technology Beijing ( Social Sciences Edition), 2005, 21(2): 14-16.

Citation:

SONG Xiao-wei. The Cost and Efficiency of Bankruptcy Law[J]. Journal of University of Science and Technology Beijing ( Social Sciences Edition), 2000, 16(4): 75-80.

Citation:

SONG Xiao-wei. The Cost and Efficiency of Bankruptcy Law[J]. Journal of University of Science and Technology Beijing ( Social Sciences Edition), 2000, 16(4): 75-80.

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The Cost and Efficiency of Bankruptcy Law

SONG Xiao-wei

School of Humanities and Social Science University of Science and Technology Beijing, Beijing 100083, China

Received Date: 2000-07-10
Available Online: 2021-07-21

Abstract

Abstract

The cost of Bankruptcy law is a sort of transaction cost, which is unproductive and indefinite.Reducing transaction cost is a way to improve the Efficiency of Bankruptcy law,in which the most important aspect is to determine the scope of property right.We believe that it is efficient when the gross benefit exceeds the damage.Generally,the efficiency of the reforming is always superior to liquidation,thus,the aim of the Bankruptcy law should lead Bankruptcy to Reforming.
- bankruptcy law,
- cost,
- efficiency,
- transaction cost

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