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Foreign Ownership, Listed Status and the Financial System in East Asia: Evidence from Thailand and Malaysia

Mieno, Fumiharu - Center for Economic Institutions, Institute of Economic … - 2011

Existing studies on the financial system in East Asia have emphasized its excessive debt financing, the lack of a bond market and its limited function on corporate governance. Other apparent facts, such as the average low debt ratio, the existence of large but unlisted firms, and the...

Persistent link: https://www.econbiz.de/10009643956

Fund Mobilisation and Investment Behavior in Thai Manufacturing Firms in the Early 1990s

Mieno, Fumiharu - Center for Economic Institutions, Institute of Economic … - 2004

This paper investigates the capital structure and investment behaviour in Thailand in the early half of the 1990s. First, we examine the idea of 'pecking order' preferences for firms' fund raising in developing countries generally and in Thailand in particular. We consider unique features such...

Persistent link: https://www.econbiz.de/10005045087

Reflections on New Financial System in Japan: Participation Costs, Wealth Distribution,and Security Market-Based Intermediation

Kitamura, Yukinobu; Suto, Megumi; Teranishi, Juro - Center for Economic Institutions, Institute of Economic … - 2002

This paper deliberates on the re-designing of the financial system in Japan, currently ailing seriously. With four conditions in the background - enhanced capability of risk transfer through financial markets, increased participation costs in the financial markets, increases in probabilities of...

Persistent link: https://www.econbiz.de/10005045244

A new approach to measuring competition in the loan markets of the euro area

Leuvensteijn, Michiel van; Bikker, Jacob A.; Rixtel, … - Center for Economic Institutions, Institute of Economic … - 2007

This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This … approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … competition can consider the entire banking market only. A caveat of the Boone-indicator may be that it assumes that banks …

Persistent link: https://www.econbiz.de/10005045093