Corporate Finance Lessons from the East Asian Crisis

This Note examines the corporate roots of the financial crisis in East Asia. It summarizes the findings of a study of corporate financial performance in East Asian economies - Hong Kong, Indonesia, the Republic of Korea, Malaysia, the Philippines, Taiwan (China), and Thailand. To allow a consistent cross-border analysis of financial risk and performance, the study used as benchmarks key financial performance ratios for corporations in France, Germany, Japan, the United States, and Latin America.

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Bibliographic Details
Main Author: Pomerleano, Michael
Language:English
Published: World Bank, Washington, DC 1998-10
Subjects:CORPORATE FINANCE, FINANCIAL CRISES, CROSS COUNTRY ANALYSIS, DEBT-EQUITY RATIO, INVESTMENT, CORPORATE DEBT, FINANCIAL INDICATORS, PROFITABILITY, FINANCIAL LEVERAGE, DEBT SUSTAINABILTY, FINANCIAL STABILITY, FINANCIAL REGULATION ACCOUNTING, ARBITRAGE, ASSETS, BANKING CRISES, BANKING SECTOR, BANKING SUPERVISION, BANKING SYSTEM, BANKRUPTCY, BENCHMARKS, BONDS, CAPITAL EMPLOYED, CAPITAL FLOWS, CAPITAL MARKETS, CAPITALIZATION, CORPORATE RESTRUCTURING, COST OF CAPITAL, CREDIT APPROVAL, CRONY CAPITALISM, DEBT, ECONOMIC DEVELOPMENT, ECONOMIC RESEARCH, ECONOMIC VALUE, ECONOMIC VALUE ADDED, EQUITY MARKETS, FINANCIAL ASSETS, FINANCIAL CRISIS, FINANCIAL INFORMATION, FINANCIAL MARKETS, FINANCIAL PERFORMANCE, FINANCIAL PERFORMANCE RATIOS, FINANCIAL RATIOS, FINANCIAL RISK, FINANCIAL SECTOR, FINANCIAL SYSTEMS, FIXED ASSETS, FOREIGN INVESTORS, GDP, GROSS DOMESTIC PRODUCT, IMPLICIT GUARANTEES, INFLATION, INFLATION RATES, INTEREST COVERAGE RATIO, INTEREST EXPENSE, INTEREST RATE, INTEREST RATES, INVESTMENT BANKS, INVESTMENT SPENDING, LAWS, LIQUIDITY, MARKET LIBERALIZATION, OPERATING INCOME, OPPORTUNITY COSTS, PORTFOLIO, PROFIT MARGINS, RETURN ON EQUITY, SAVINGS, SPECULATORS, STATEMENTS, SWAPS, TRANSPARENCY, VALUE ADDED, WORKING CAPITAL,
Online Access:http://documents.worldbank.org/curated/en/1998/10/441591/corporate-finance-lessons-east-asian-crisis
https://hdl.handle.net/10986/11531
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