Applying Social Psychology Theories to the Challenges of Harmonising Insolvency Law in the European Union

16 Pages Posted: 28 Oct 2020 Last revised: 30 Mar 2021

See all articles by Emilie Ghio

Emilie Ghio

Edinburgh Napier University

Date Written: May 2, 2020

Abstract

The harmonisation of insolvency law in the European Union has proven challenging. Obstacles such as the protection of national sovereignty, the preservation of legal cultures and a preference for regulatory competition have been studied extensively in the literature. This paper takes a novel approach by providing a perspective from the field of social psychology to further our understanding of the challenges of harmonising insolvency law in the EU. Selected psychological biases are identified, explained and applied to the harmonisation process. Solutions to overcome these biases are also discussed, as it is argued that progress in this area can be achieved by targeting strategies that can overcome these biases.

Keywords: Insolvency law; harmonisation; psychology; theories

Suggested Citation

Ghio, Emilie, Applying Social Psychology Theories to the Challenges of Harmonising Insolvency Law in the European Union (May 2, 2020). Available at SSRN: https://ssrn.com/abstract=3689019 or http://dx.doi.org/10.2139/ssrn.3689019

Emilie Ghio (Contact Author)

Edinburgh Napier University ( email )

Edinburgh Napier University
Edinburgh, Midlothian EH14 1DJ
United Kingdom

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
40
Abstract Views
260
PlumX Metrics