Akcije

Anali Pravnog fakulteta u Beogradu
kako citirati ovaj članak
podeli ovaj članak

Metrika

  • citati u SCIndeksu: [1]
  • citati u CrossRef-u:0
  • citati u Google Scholaru:[]
  • posete u poslednjih 30 dana:5
  • preuzimanja u poslednjih 30 dana:3

Sadržaj

članak: 1 od 1  
2020, vol. 68, br. 2, str. 80-99
Bias and predictability in judicial decisions involving corporate restructuring: Evidence from Serbia
(naslov ne postoji na srpskom)
aUniverzitet u Beogradu, Pravni fakultet
bCommercial Court in Belgrade

e-adresabradulovic@ius.bg.ac.rs, marko.radovic@bg.pr.sud.rs
Sažetak
(ne postoji na srpskom)
The paper empirically assesses evidence of bias among bankruptcy judges and predictability of judicial decision making in Serbia. For this purpose, we devised three hypothetical cases that were distributed to judges that preside over bankruptcy cases in Serbia. While the results do not indicate a consistent bias towards either the debtor or the creditor, they show concerning unpredictability of judicial decision making, hence leading to a high level of legal insecurity. Based on responses we observed high heterogeneity among Serbian bankruptcy judges in their interpretation of the bankruptcy laws. This makes allocation of cases to the particular judge a significant determinant for how the debtors and creditors will be treated and how the law will be applied.
Reference
Agresti, A. (2007) An introduction to categorical data analysys. Hoboken, New Jersey: John Wiley & Sons, 2d ed
Begović, B. (2016) Valutna klauzula - svrha, dileme i mogući ishodi. Pravo i privreda, vol. 54, br. 10-12, str. 24-53
Blazy, R.S., Chopard, B., Fimayer, A., Guigou, J. (2011) Employment preservation vs. creditors' repayment under bankruptcy law: The French dilemma?. International Review of Law and Economics, 31(2): 126-141
Davydenko, S.A., Franks, J.R. (2008) Do Bankruptcy Codes Matter? A Study of Defaults in France, Germany, and the U.K. Journal of Finance, 63(2): 565-608
Doron, T., Zamir, E. (2014) Judicial Decision-Making: A Behavioral Perspective. u: Zamir Eyal, Teichman Doron [ur.] The Oxford Handbook of Behavioral Economics and the Law, Oxford: Oxford University Press, 664-702
Evans, J. (2003) The effect of discretionary actions on small firms' ability to survive Chapter 11 bankruptcy. Journal of Corporate Finance, 9(1): 115-128
Gennaioli, N., Rossi, S. (2010) Judicial Discretion in Corporate Bankruptcy. Review of Financial Studies, 23(11): 4078-4114
Green, B.A., Roiphe, R. (2019) Judicial Activism in Trial Courts. New York University Annual Survey of American Law, 74(2): 365-392
Guthrie, C.P., Rachlinski, J.J., Wistrich, A.J. (2001) Inside the Judicial Mind. Cornell Law Review, 86(4). 777-830
He, D., Yu, K., Wu, J. (2020) Industry characteristics, court location, and bankruptcy resolution. Journal of Management Analytics, 1-35
Iverson, B. (2018) Get in Line: Chapter 11 Restructuring in Crowded Bankruptcy Courts. Management Science, 64(11): 5370-5394
Iverson, B., Madsen, J., Wang, W., Xu, Q. (2018) Learning by Doing: Judge Experience and Bankruptcy Outcomes. Unpublished manuscript. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3084318 (last visited 20 January 2020)
Jolls, C., Sunstein, C.R. (2006) The Law of Implicit Bias. California Law Review, 94(4): 969-969
Jonathan, R.N., Pardo, R.I. (2012) Does Ideology Matter in Bankruptcy? Voting Behaviour on the Courts of Appeals. William and Mary Law Review, 53 (2): 919-986
Kenneth, A., Yun, H. (2007) Matching Bankruptcy Laws to Legal Environments. Journal of Law, Economics, and Organization, 25(1): 2-30
Klaus, D., Harley, G., Svirčev, S. (2014) Serbia judicial functional review: Main report. Washington, D.C: World Bank Group, Vol. 2
Kmiec, K.D. (2004) The Origin and Current Meanings of 'Judicial Activism'. California Law Review, 92(5): 1441-1477
Lambert-Mogiliansky, A., Sonin, K., Zhuravskaya, E. (2007) Are Russian commercial courts biased? Evidence from a bankruptcy law transplant. Journal of Comparative Economics, 35(2): 254-277
Lopucki, L.M., Doherty, J.W. (2004) The Determinants of Professional Fees in Large Bankruptcy Reorganization Cases. Journal of Empirical Legal Studies, 1(1): 111-141
Mills, L. (1999) A Penchant for Prejudice: Unravelling Bias in Judicial Decision Making. Ann Arbor: University of Michigan Press
Mojašević, A.S., Nikolić, L. (2018) Kognitivne pristrasnosti u pravnoj oblasti - mesto susreta pravne i biheviorističke nauke. Zbornik radova Pravnog fakulteta u Nišu, vol. 57, br. 79, str. 253-274
Morrison, E.R. (2007) Bankruptcy Decision Making: An Empirical Study of Continuation Bias in Small-Business Bankruptcies. Journal of Law and Economics, 50(2): 381-419
Rachlinski, J.J., Guthrie, A., Wistrich, J. (2006) Inside the Bankruptcy Judge's Mind. Symposium: The Role of the Judge in the Twenty-First Century. Boston University Law Review, 86(5): 1227-1266
Rachlinski, J.J., Wistrich, A.J., Guthrie, C. (2007) Heuristics and Biases in Bankruptcy Judges. Journal of Institutional and Theoretical Economics, 163(1): 167-186
Rachlinski, J.J., Wistrich, A.J. (2017) Judging the Judiciary by the Numbers: Empirical Research on Judges. Annual Review of Law and Social Science, 13(1): 203-229
Radović, V. (2017) Stečajno pravo - pobijanje pravnih radnji stećajnog dužnika, reorganizacija, medjunarodni stečaj, stečaj povezanih društava. Beograd: Univerzitet u Beogradu-Pravni fakultet, knjiga druga
Radović, V., Radulović, B. (2018) Prearranged Reorganization Plans in Serbia: Form over Substance. European Business Organization Law Review, 19(2): 393-413
Radulović, B. (2015) Unapred pripremljeni planovi reorganizacije i problem negativne selekcije. Anali Pravnog fakulteta u Beogradu, vol. 63, br. 1, str. 151-168
Radulović, B., Radović, M. (2019) Nezakonitost u postupanju povodom unapred pripremljenih planova reorganizacije. Pravo i privreda, vol. 57, br. 4-6, str. 649-667
Radulović, B. (2019) Direktiva o restrukturiranju i nesolventnosti - sve će to zakoni pozlatiti. u: Radović Vuk [ur.] Usklađivanje poslovnog prava Srbije sa pravom Evropske unije, Beograd: Univerzitet u Beogradu-Pravni fakultet, 58-80
Sharfman, K. (2005) Judicial Valuation Behavior: Some Evidence from Bankruptcy. Florida State University Law Review, 32(2): 387-400
Stijn, C., Klapper, L.F. (2005) Bankruptcy around the World: Explanations of Its Relative Use. American Law and Economics Review, 7(1): 253-283
Todorović, I. (2017) Izvodljivost plana reorganizacije. Pravo i privreda, vol. 55, br. 4-6, str. 246-257
Vukelić, L., Prpić, M., Nedić, B., Radulović, B., Andrić, L. (2014) Trends in corporate Restructuring: Croatia and Serbia examined and contrasted. EBRD Law in Transition, Online. https://www.ebrd.com/downloads/research/law/lit114.pdf, last visited 10 January 2020
 

O članku

jezik rada: engleski
vrsta rada: članak
DOI: 10.5937/AnaliPFB2002080R
objavljen u SCIndeksu: 22.06.2020.
Creative Commons License 4.0

Povezani članci

Nema povezanih članaka