01816cas a2200253 a 4500 AALejournalIMF001046 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451931310 1018-5941 BD-DhAAL BD-DhAAL Hussain, Qaizar. Corporate Insolvency Procedures and Bank Behavior : A Study of Selected Asian Economies / Qaizar Hussain, Clas Wihlborg. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (46 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Wihlborg, Clas. IMF Working Papers; Working Paper ; No. 1999/135 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/135/001.1999.issue-135-en.xml IMF e-Library