Franklin

Dynamics of Corporate Performance in Thailand [electronic resource] Kongsamut, Piyabha.

Author/Creator:
Kongsamut, Piyabha.
Publication:
Washington, D.C. : International Monetary Fund, 2003.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 03/214.
IMF Working Papers; Working Paper No. 03/214
Format/Description:
Government document
Book
1 online resource (30 p.)
Local subjects:
Acquisitions.
Capital account liberalization.
Capital and Ownership Structure.
Capital market.
Corporate control.
Corporate debt.
Corporate finance.
Corporate finances.
Corporate Governance.
Corporate performance.
Corporate restructuring.
Crisis countries.
Currency composition.
Currency composition of debt.
Currency crises.
Currency crisis.
Currency debt.
Debt holders.
Debt overhang.
Debt ratios.
Debt reduction.
Debt rescheduling.
Debt restructuring.
Debt service.
Debt service reduction.
Debt servicing.
Debt-equity.
External debt.
Financial institutions.
Financing Policy.
Firm size.
Foreign currency debt.
Foreign debt.
Global business.
Listed companies.
Listed company.
Maturity structure of debt.
Mergers.
Models with Panel Data.
Net present value of debt.
Private debtor.
Restructuring.
Semiparametric and Nonparametric Methods.
Short-term debt.
Small firms.
Terms of debt.
Theory of the firm.
Thailand.
Summary:
Recent crises in emerging markets have highlighted the role of the corporate sector in transmitting financial shocks to the macroeconomy. This paper takes stock of the performance of the Thai corporate sector in emerging from the Asian crisis, and discusses remaining challenges and vulnerabilities. Econometric evidence is presented on the impact of excess leverage on performance. Debt levels, though high, have fallen from post-crisis peaks, while returns and corporate cash flows have stabilized. However, the aggregate picture masks significant firm-level variation, which is analyzed by examining estimated distributions for various indicators across firms.
Notes:
Description based on print version record.
Contributor:
Haksar, V.
Kongsamut, Piyabha.
Other format:
Print Version:
ISBN:
1451875010:
9781451875010
ISSN:
1018-5941
Publisher Number:
10.5089/9781451875010.001
Access Restriction:
Restricted for use by site license.
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