Asian Contagion | The Causes And Consequences Of A Financial …
The reality of unrestrained speculation, inefficiently regulated currency exchange, banking instability and bad loans have struck the much-vaunted "Asian Tigers" like Thailand, …
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Who Triggered the Asian Financial Crisis?
The Asian financial crisis was triggered by Japanese commercial banks who reduced their exposure to Asia in response to emerging troubles in Thailand and South Korea. Japanese banks had been severely weakened by the collapse of the …
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The Asian debt-and-development crisis of 1997-?: Causes and ...
Japanese firms and banks have been carrying very high levels of debt, while Japanese households have been saving a high proportion of household income. (Japan''s gross domestic savings amounted to 31% of GDP in 1995.) With consumption depressed, Japan has been running a large current account surplus the other side of which is capital ...
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Who Triggered the Asian Financial Crisis?
The Asian financial crisis was triggered by Japanese commercial banks who reduced their exposure to Asia in response to emerging troubles in Thailand and South Korea. Japanese …
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Bankruptcy prediction for Korean firms after the 1997 financial …
The main purpose of this paper is to evaluate the data mining applications, such as classification, which have been used in previous bankruptcy prediction studies and credit rating studies. Our study proposes a multiple criteria linear programming (MCLP) method to predict bankruptcy using Korean bankruptcy data after the 1997 financial crisis. The results, of the …
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(PDF) The Financial Crisis in Japan: Causes and Policy
This paper describes the transmission of the recent financial crisis to Japan and compares the monetary policy reactions by the Bank of Japan (BoJ) with those during the 1990s, and with reactions ...
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Bankruptcy prediction: the case of Japanese listed companies
this analysis for two reasons. First, most academic research on predicting bankruptcy has been conducted on U.S. companies. Whether or not models developed for U.S. companies also work outside the U.S. is a question that has not been previously answered. Japan is a natural choice because the Japanese economy is comparable with that of the United States in many aspects. …
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Asian Contagion | The Causes And Consequences Of A Financial …
The reality of unrestrained speculation, inefficiently regulated currency exchange, banking instability and bad loans have struck the much-vaunted "Asian Tigers" like Thailand, Indonesia, Korea, and, finally, Japan, casting a shadow of uncertainty on a region recently to the fore in the world economic system. Recovery depends largely ...
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The Privatization of Japan Railways and Japan Post: Why, How …
In the case of Japan, it was closely related to the process whereby entities called "special public corporations" were converted into regular joint stock companies so that their shares could be offered to the public, while they were still used to deliver government services or operate a monopoly in certain cases like post networks.
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A comparative analysis of the role of the state in Chinese, Japanese ...
Chinese outward foreign direct investment (COFDI) in the European Union (EU) has recently attracted much attention. However, we cannot thoroughly understand the case of COFDI in the EU unless we compare it with other countries'' foreign direct investment (FDI). Japanese and Korean firms, including the keiretsu, and chaebol, are also quite active …
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Korean Crisis and Recovery
Many Koreans considered the 1997 crisis to be the most critical national crisis since the Korean War in the early 1950s, and the worst national disgrace since the 1910 Japanese Annexation. How can this sharp contrast between high growth and economic debacle be explained? What caused Korea''s three decades of high growth to come to an abrupt halt?
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The Asian debt-and-development crisis of 1997-?: Causes and ...
Japanese firms and banks have been carrying very high levels of debt, while Japanese households have been saving a high proportion of household income. (Japan''s gross domestic savings amounted to 31% of GDP in 1995.) With consumption depressed, Japan has …
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A Study on Financial Distress of Firms
This thesis analyzes financial distress of firms from the financial point of view through a case study of Midopa Department Store which went bankrupt in 1998. Financial distress of firms throughout the world is a frequent occurrence with important implications to many stakeholders. In Korea since the IMF crisis, people have
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Corporate Insolvency Proceedings in South Korea
For a Korean rehabilitation proceeding or a bankruptcy proceeding to be effective in a foreign country, the receiver (as the foreign representative of the Korean rehabilitation proceeding) may apply for recognition of the rehabilitation proceeding in the competent court of that country, and seek other necessary support. Such measures proved to …
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(PDF) The Bankruptcy of Lehman Brothers: Causes of …
During Robert Lehman''s tenure, Lehman Brothers became a renowned investment bank, working with leading American and international companies for the underwriting of securities, providing financial ...
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The Demise of Kodak: Five Reasons
Kodak''s declaration of bankruptcy earlier this month closed a glorious chapter in the history of photography. Kamal Munir of the Cambridge Judge Business School, University of Cambridge gives five ...
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Determinants of Corporate Bankruptcy: Evidence from Chaebol …
Using a panel dataset for the period of 1991–2001, the present paper explores the significant determinants that indicate the likelihood of bankruptcy for chaebol and non-chaebol firms in Korea, and identifies the differences in the determinants between the two types of firms, with an emphasis on their ownership and financial structures. Logit ...
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Japan records highest number of bankruptcies in a ...
Japan saw the highest number of bankruptcies since 2013 in the six months through September, as companies were increasingly hit by rising costs. Some 4,990 firms …
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Determinants of Corporate Bankruptcy: Evidence from Chaebol …
Using a panel dataset for the period of 1991–2001, the present paper explores the significant determinants that indicate the likelihood of bankruptcy for chaebol and non-chaebol firms in …
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Financial Restructuring in Korea and Japan: Resolution of Non ...
The Korean government was more actively involved in merging banks while Japanese bank mergers were taken by business initiatives. Financial restructuring is expected to bring more …
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Determinants of the choice of bankruptcy procedure in Japan
This paper investigates close bank–firm relations (keiretsu) among troubled Japanese firms by examining the type of bankruptcy. In Japan, creditors control the fate of the …
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(PDF) Japan and South Korea''s Implication of Soft Power: Cultural ...
Japan and South Korea''s Implication of Soft Power: Cultural Aspects, Education, and Foreign Aid Diplomacy
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A Study on Financial Distress of Firms
This thesis analyzes financial distress of firms from the financial point of view through a case study of Midopa Department Store which went bankrupt in 1998. Financial distress of firms …
Learn More
Korean Crisis and Recovery
Many Koreans considered the 1997 crisis to be the most critical national crisis since the Korean War in the early 1950s, and the worst national disgrace since the 1910 Japanese Annexation. …
Learn More
Financial Restructuring in Korea and Japan: Resolution of Non ...
The Korean government was more actively involved in merging banks while Japanese bank mergers were taken by business initiatives. Financial restructuring is expected to bring more market oriented business practices among financial institutions and loosen cooperative ties among financial institutions, corporations, and financial bureaucracy in ...
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Multinational firms'' responses to a host country financial crisis: …
2 · This paper investigates the impact of the 1997 Asian financial crisis on Japanese multinational firms'' foreign direct investment (FDI) in Korea. The study uses a comprehensive dataset of Japanese firms'' foreign affiliates between 1990 and 2018 and analyzes the effects of the crisis and the subsequent reforms, including the removal of foreign ownership restrictions, …
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Revelations from the Collapse of Silicon Valley Bank: From the
up tech companies. From a revered example of banking innovation to a run on the negative side of the run, the nearly 40-year-old Silicon Valley Bank (SVB) has had a major impact on the financial system in a matter of days. The reasons for the bankruptcy of Silicon Valley Bank Asset-liability mismatch and maturity mismatch Most of SVB''s deposits come from tech startups, …
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Determinants of the choice of bankruptcy procedure in Japan
This paper investigates close bank–firm relations (keiretsu) among troubled Japanese firms by examining the type of bankruptcy. In Japan, creditors control the fate of the bankrupt firm, which may be costly if managers destroy firm value to avoid bankruptcy or, alternatively, if creditors liquidate too often. Recently, researchers ...
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Multinational firms'' responses to a host country financial crisis: the ...
2 · This paper investigates the impact of the 1997 Asian financial crisis on Japanese multinational firms'' foreign direct investment (FDI) in Korea. The study uses a comprehensive …
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Japan records highest number of bankruptcies in a ...
Japan saw the highest number of bankruptcies since 2013 in the six months through September, as companies were increasingly hit by rising costs. Some 4,990 firms went bankrupt in that period,...
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