01782cas a2200241 a 4500 AALejournalIMF017385 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475572438 1018-5941 BD-DhAAL BD-DhAAL Shin, Jongsoon. Corporate Restructuring and Its Macro Effects / Jongsoon Shin. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (26 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 describes issues in Korea's corporate sector, the need for restructuring, and the authorities' initiatives and challenges. It then identifies lessons from other countries' experience and conducts an econometric analysis based on cross-country aggregate data, compared with previous studies which mostly use firm-level data. This analysis finds that restructuring episodes, while sometimes challenging in the short term, have typically been associated with more rapid economic growth afterward. Corporate restructuring could have a negative effect on the labor and the financial markets in the short term, but is associated with positive growth through increased investment and capital productivity in the medium term, outpacing the negative effects. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2017/017 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/017/001.2017.issue-017-en.xml IMF e-Library