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A Study on the Policy-Making of the Corporate Restructuring Promotion Act: Focusing on the Analytic Construct "Regulatory Space"

  • Korean Society and Public Administration
  • Abbr : KSPA
  • 2004, 15(3), pp.-
  • Publisher : Seoul Association For Public Administration
  • Research Area : Social Science > Public Administration

이혜영 1

1한국지방행정연구원

Accredited

ABSTRACT

The purpose of this study is to explain the regulatory policy-making by using the analytic construct "regulatory space" with the case of the Corporate Restructuring Promotion Act. The regulatory space can provide an useful sight to explain the distinctiveness of regulations because the concept considers the institutional and cultural contexts of regulations. In addition, the studies on the regulatory space pay attention to the formation of the regulatory issues and institutionalized expectations about regulatory agency. According to the analysis result, institutional actors opposing the Bill were likely to be excluded in the regulatory space related to the Bill. Moreover, the analysis showed that the institutional expectations about the role of the FSC had a primary influence on the passage of the Bill. This study suggested that the regulatory space related the financial regulation should be more open and that expectations about the role of the government should be changed in order to succeed in the financial regulatory reform in Korea.

Citation status

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