01731cas a2200253 a 4500 AALejournalIMF002729 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451875010 1018-5941 BD-DhAAL BD-DhAAL Kongsamut, Piyabha. Dynamics of Corporate Performance in Thailand / Piyabha Kongsamut, V. Haksar. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (30 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 Recent crises in emerging markets have highlighted the role of the corporate sector in transmitting financial shocks to the macroeconomy. This paper takes stock of the performance of the Thai corporate sector in emerging from the Asian crisis, and discusses remaining challenges and vulnerabilities. Econometric evidence is presented on the impact of excess leverage on performance. Debt levels, though high, have fallen from post-crisis peaks, while returns and corporate cash flows have stabilized. However, the aggregate picture masks significant firm-level variation, which is analyzed by examining estimated distributions for various indicators across firms. Mode of access: Internet Haksar, V. IMF Working Papers; Working Paper ; No. 2003/214 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/214/001.2003.issue-214-en.xml IMF e-Library