Franklin

Managing Corporate Distress in the Philippines [electronic resource] : Some Policy Recommendations, Woodruff, Charles.

Author/Creator:
Woodruff, Charles.
Publication:
Washington, D.C. : International Monetary Fund, 1998.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 98/138.
IMF Working Papers; Working Paper No. 98/138
Format/Description:
Government document
Book
1 online resource (27 p.)
Local subjects:
Bank customer.
Bank lending.
Bank lending rates.
Bank loans.
Bankers.
Bankers association.
Banking.
Banking sectors.
Banking system.
Bankruptcy court.
Bankruptcy law.
Commercial banks.
Debt restructuring.
Disclosure rules.
External borrowing.
Fixed assets.
Foreign currency.
Foreign currency deposit.
Foreign exchange.
Forward contracts.
Insolvency law.
Interest expense.
Interest income.
Interest payments.
Investment banks.
Investors.
Liquid asset.
Minority shareholders.
National bank.
Ownership concentration.
Ownership structure.
Present value.
Regulatory framework.
Reserve requirement.
Retained earnings.
Return on assets.
Secured creditor.
Secured debt.
Tax liability.
Tax policy.
Total market capitalization.
Trust company.
Philippines.
Summary:
While not widespread, the Philippine corporate sector is showing some signs of stress. The paper reviews the exposure of banks to distressed corporate borrowers, the ownership structure of the corporate sector, including the interlocking relationship of corporations and banks, and the legal framework in place for the resolution of debts of distressed companies and the protection of creditor rights. It recommends that immediate measures be taken to improve transparency and regulatory oversight, and to quickly resolve the debts of distressed companies by strengthening the policy framework and institutional capacity for suspension of debt payments by the Securities and Exchange Commission.
Notes:
Description based on print version record.
Contributor:
Lim, G. C.
Woodruff, Charles.
Other format:
Print Version:
ISBN:
1451930151:
9781451930153
ISSN:
1018-5941
Publisher Number:
10.5089/9781451930153.001
Access Restriction:
Restricted for use by site license.
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