Corporate Finance Lessons from the East Asian Crisis

This Note examines the corporate roots of the financial crisis in East Asia. It summarizes the findings of a study of corporate financial performance in East Asian economies - Hong Kong, Indonesia, the Republic of Korea, Malaysia, the Philippines,...

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Bibliographic Details
Main Author: Pomerleano, Michael
Format: Viewpoint
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
Online Access:http://documents.worldbank.org/curated/en/1998/10/441591/corporate-finance-lessons-east-asian-crisis
http://hdl.handle.net/10986/11531
Description
Summary:This Note examines the corporate roots of the financial crisis in East Asia. It summarizes the findings of a study of corporate financial performance in East Asian economies - Hong Kong, Indonesia, the Republic of Korea, Malaysia, the Philippines, Taiwan (China), and Thailand. To allow a consistent cross-border analysis of financial risk and performance, the study used as benchmarks key financial performance ratios for corporations in France, Germany, Japan, the United States, and Latin America.