Analysis Of Loan Guarantees Among The Korean Chaebol Affiliates
DOWNLOAD
Download Analysis Of Loan Guarantees Among The Korean Chaebol Affiliates PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Analysis Of Loan Guarantees Among The Korean Chaebol Affiliates book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Analysis Of Loan Guarantees Among The Korean Chaebol Affiliates
DOWNLOAD
Author : Keunkwan Ryu
language : en
Publisher:
Release Date : 2005
Analysis Of Loan Guarantees Among The Korean Chaebol Affiliates written by Keunkwan Ryu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
This paper analyses corporate loan guarantees among the Korean chaebol affiliates. Loan guarantees are found to be efficiency-neutral under a set of ideal conditions characterized by perfect and symmetric information, no agency problem, and no governmental interference in private financial contracts. In reality though, corporate loan guarantees have negative as well as positive effects. The negative effects of loan guarantees arise from the agency problem between the controlling minority shareholders and outside investors. Government's implicit support to financial institutions worsens the problem. Without such distortions, a loan guarantee by the guarantor firm may signal the quality of the investment project of the borrowing firm, if the guarantor firm has more information than the lending bank with regards to the type of the borrowing firm's investment project.
The Korean Financial Crisis Of 1997 A Strategy Of Financial Sector Reform
DOWNLOAD
Author : Mr.Angel J. Ubide
language : en
Publisher: International Monetary Fund
Release Date : 1999-03-01
The Korean Financial Crisis Of 1997 A Strategy Of Financial Sector Reform written by Mr.Angel J. Ubide and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-03-01 with Business & Economics categories.
After years of strong performance, Korea’s economy entered a crisis in 1997, owing largely to structural problems in its financial and corporate sectors. These problems emerged in the second half of that year, when the capital inflows that had helped finance Korea’s growth were reversed, as foreign investors—reeling from losses in other Southeast Asian economies—decided to reduce their exposure to Korea. This paper focuses on the sources of the crisis that originated in the financial sector, the measures taken to deal with it, and the evolution of key banking and financial variables in its aftermath.
13 Bankers
DOWNLOAD
Author : Simon Johnson
language : en
Publisher: Vintage
Release Date : 2010-03-30
13 Bankers written by Simon Johnson and has been published by Vintage this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-03-30 with Business & Economics categories.
In spite of its key role in creating the ruinous financial crisis of 2008, the American banking industry has grown bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks whose assets amount to more than 60 percent of the country’s gross domestic product, this oligarchy proved it could first hold the global economy hostage and then use its political muscle to fight off meaningful reform. 13 Bankers brilliantly charts the rise to power of the financial sector and forcefully argues that we must break up the big banks if we want to avoid future financial catastrophes. Updated, with additional analysis of the government’s recent attempt to reform the banking industry, this is a timely and expert account of our troubled political economy.
Bankruptcy Of Large Firms And Exit Mechanisms In Korea
DOWNLOAD
Author : Il Chong Nam
language : en
Publisher:
Release Date : 2000
Bankruptcy Of Large Firms And Exit Mechanisms In Korea written by Il Chong Nam and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Bankruptcy categories.
This report deals with two fundamental questions that face the Korean economy: why did so many large firms go bankrupt, and what is wrong with the insolvency mechanisms in Korea? Roughly one third to one half of the medium-sized chaebols went bankrupt or fell into deep financial trouble after the onset of the crisis. In addition, essentially all of the firms belonging to the Daewoo group, one of the top five chaebols, went bankrupt. Some firms affiliated with the other top five chaebols have also fallen into financial difficulties. Massive bankruptcy of chaebol firms led to deep financial difficulties of banks and non-bank financial institutions, which in turn resulted in a massive injection of public funds. Even after the outbreak of the crisis, lack of confidence in the court-supervised bankruptcy proceedings led to the wide use of so-called workouts. The laws on court-supervised bankruptcy proceedings have recently been revised twice, but have not been able to gain full confidence of market participants. The authors claim that the most important factor behind the malfunctioning of bankruptcy proceedings in Korea is the lack of proper corporate governance in financial institutions and large firms. Banks in Korea have been run as if they were government businesses; and as a consequence, they have not been supervised by a proper governance structure that is profit-oriented. Lack of proper governance was the main reason that banks did not act properly as creditors in bankruptcy proceedings and passively followed initiatives of debtor firms and the government. This monograph also contains a chapter focusing on a comparative analysis of bankruptcy proceedings of the following six East Asian countries: Singapore, Malaysia, the Philippines, Thailand, Indonesia, and Korea. The comparative analysis generally confirms that Singapore and Malaysia are equipped with superior institutional infrastructures concerning corporate governance of large firms and reallocation of resources from bankrupt firms, compared to the other four countries that have been adversely affected by the economic crisis. The monograph concludes with a set of proposals that the authors believe is needed to improve the efficiency of bankruptcy proceedings in Korea.
The Saemaul Undong Movement In The Republic Of Korea
DOWNLOAD
Author : Asian Development Bank
language : en
Publisher: Asian Development Bank
Release Date : 2012-06-01
The Saemaul Undong Movement In The Republic Of Korea written by Asian Development Bank and has been published by Asian Development Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-06-01 with Business & Economics categories.
The Saemaul Undong movement was a community-driven development program of the Republic of Korea in the 1970s. The movement contributed to improved community well-being in rural communities through agricultural production, household income, village life, communal empowerment and regeneration, and women's participation.This report examines the strengths and weaknesses of the movement along with contributing factors, including institutional arrangements, leadership influence, gender consideration, ideological guidance, and financing. It also reviews existing studies and government data on the movement, and presents excerpts from interviews with key persons engaged in the movement and useful lessons for implementing community-driven development initiatives in developing countries.
Financial Liberalization And Economic Development In Korea 1980 2020
DOWNLOAD
Author :
language : en
Publisher: BRILL
Release Date : 2022-03-07
Financial Liberalization And Economic Development In Korea 1980 2020 written by and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-03-07 with Business & Economics categories.
Since the early 1980s, Korea’s financial development has been a tale of liberalization and opening. After the 1997 financial crisis, great strides were made in building a market-oriented financial system through sweeping reforms for deregulation and the opening of financial markets. However, the new system failed to steer the country away from a credit card boom and bust in 2003, a liquidity crisis in 2008, and a run on its savings banks in 2011, and has been severely tested again by the ongoing COVID-19 pandemic crisis. Financial liberalization, clearly, has been no panacea. This study analyzes the deepening of and structural changes in Korea’s financial system since the early 1980s and presents the empirical results of the effects of financial development on economic growth, stability, and the distribution of income. It finds that, contrary to conventional wisdom, financial liberalization has contributed little to fostering the growth and stability of the Korean economy and has exacerbated income distribution problems. Are there any merits in financial liberalization? The authors answer this query through empirical examinations of the theories of finance and growth. They point to a clear need to further improve the efficiency, soundness, and stability of Korean financial institutions and markets.
Finance And Economic Development In Korea
DOWNLOAD
Author : Yŏng-chʻŏl Pak
language : en
Publisher: 대외경제정책연구원
Release Date : 2004
Finance And Economic Development In Korea written by Yŏng-chʻŏl Pak and has been published by 대외경제정책연구원 this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Banks and banking categories.
Financial Sector Crisis And Restructuring
DOWNLOAD
Author : Carl-Johan Lindgren
language : en
Publisher:
Release Date : 1999
Financial Sector Crisis And Restructuring written by Carl-Johan Lindgren and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those of Malaysia and the Philippines. Although all judgements are still tentative, important lessons can be learned from the experiences of the last two years.
Korean Businesses Internal And External Industrialization
DOWNLOAD
Author : Johngseok Bae
language : en
Publisher: Routledge
Release Date : 2020-05-06
Korean Businesses Internal And External Industrialization written by Johngseok Bae and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-06 with History categories.
Essays in the book focus on the Korean model of industrialization and internal internationalization, organizational capabilities and management roles, and disadvantages inherent in the model. The subjects covered include corporate catch-up strategies, foreign investment, and future possibilities.
Developmentalist Cities Interrogating Urban Developmentalism In East Asia
DOWNLOAD
Author :
language : en
Publisher: BRILL
Release Date : 2018-11-26
Developmentalist Cities Interrogating Urban Developmentalism In East Asia written by and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-11-26 with Business & Economics categories.
The inter-disciplinary contributors to Developmentalist Cities offer a richly nuanced and critical account of how the urban has been integral to East Asian developmentalism, and, vice versa, how developmentalism has profoundly shaped the nature of the urban in East Asia.