2005 年 25 巻 p. 51-60
The interest of the consumer in private asset management has shifted from simply saving money in a bank account to buying stocks, bonds or high-risk monetary investment during this decade. On the other hand, financial institutions such as banks, insurance companies, and securities firms have introduced ADRs to reduce risk on private investors and to protect consumers. In this paper, I focus on analyzing the structure of ADR in terms of how the ADR is functioning in dispute solution and showing which part of the ADR is effective, and cannot be effective in dispute solution, and also indicate the future direction and alternative measurement of the ADR to protect the consumer from the risk in private asset management.