Corporate Insolvency Procedures and Bank Behavior : A Study of Selected Asian Economies /

This paper explores insolvency and debt recovery procedures, and political, legal, and institutional factors influencing financial decisions of corporations and banks during pre-crisis years in six Asian economies. It also examines whether these factors may have contributed to the depth and duration...

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书目详细资料
主要作者: Hussain, Qaizar
其他作者: Wihlborg, Clas
格式: 杂志
语言:English
出版: Washington, D.C. : International Monetary Fund, 1999.
丛编:IMF Working Papers; Working Paper ; No. 1999/135
在线阅读:Full text available on IMF
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245 1 0 |a Corporate Insolvency Procedures and Bank Behavior :   |b A Study of Selected Asian Economies /  |c Qaizar Hussain, Clas Wihlborg. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1999. 
300 |a 1 online resource (46 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper explores insolvency and debt recovery procedures, and political, legal, and institutional factors influencing financial decisions of corporations and banks during pre-crisis years in six Asian economies. It also examines whether these factors may have contributed to the depth and duration of the 1997 crisis. There are two key findings: First, bank behavior and other institutional factors, and not the nature of stakeholder orientation, seem to explain variations in capital structures and the depth of recessions across economies. Second, aspects of insolvency procedures favoring rehabilitation of 'financially distressed' firms seem to explain well the expected duration of the crisis. 
538 |a Mode of access: Internet 
700 1 |a Wihlborg, Clas. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1999/135 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1999/135/001.1999.issue-135-en.xml  |z IMF e-Library