Bailout and Conglomeration
Bailout and Conglomeration

Author: Mr.Se-Jik Kim

Publisher: International Monetary Fund

Published: 1999-08-01

Total Pages: 30

ISBN-13: 1451853084

DOWNLOAD EBOOK

The paper suggests that when firms differ stochastically in their productivity, a bank may find it optimal not to bail out the failed nonconglomerate firms at all, but to bail out conglomerates fully. Expectation of such bailout policy may encourage risk-averse firms to join a conglomerate to minimize the risk of liquidation. Furthermore, in case of private information, bad firms follow good firms’ decision on conglomeration to hide their type. Finally, the paper discusses the impact of conglomeration on the debt-equity ratio and the expansion of existing conglomerates through mergers and acquisitions.

Reforming Korea's Industrial Conglomerates
Reforming Korea's Industrial Conglomerates

Author: Edward Montgomery Graham

Publisher: Peterson Institute for International Economics

Published: 2003

Total Pages: 228

ISBN-13:

DOWNLOAD EBOOK

In 1998, the Korean economy experienced the deepest recession since the Korean War. Within a year a number of smaller industrial conglomerates had failed. In this study, Graham examines the causes of this situation, tracing them back to the aggressive industrial policy begun by president Park Chung-hee during the late 1960s. He also analyzes reforms undertaken since 1997, concluding that they have not been entirely successful.

Ending Government Bailouts as We Know Them
Ending Government Bailouts as We Know Them

Author: Kenneth E. Scott

Publisher: Hoover Press

Published: 2013-09-01

Total Pages: 353

ISBN-13: 0817911235

DOWNLOAD EBOOK

This book examines the dangers of continuing government bailouts and offers alternative strategies designed to produce growth based on the vigor of the private sector with inflation under control. The expert authors show that it is indeed possible to explain the causes of the crisis in understandable terms and clarify why resolving the bailout problem is essential to preventing future crises.

Infrastructure and Productivity in Asia
Infrastructure and Productivity in Asia

Author: J. Kidd

Publisher: Springer

Published: 2005-02-11

Total Pages: 249

ISBN-13: 0230523560

DOWNLOAD EBOOK

There is a feeling that Asia is at a crossroad, and is facing a new crisis. The earlier crisis of 1997/98 showed that effective systems were missing. Afterwards governments, foreign investors and foreign managers initiated more holistic infrastructures, but corruption, poorly connecting systems, and a lack of transparent management have ensured that these are under performing. In this book well-informed authors offer insights on Asia's political, educational and physical infrastructures, and indicate the routes leading to better integrated futures.