Hidden Bibliographic Details
Other authors / contributors: | Piyabha Kongsamut, author.
International Monetary Fund. Asia and Pacific Department.
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ISBN: | 1283515059 9781283515054 9781451875010 1451875010 9781451919608 1451919603
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Notes: | Includes bibliographical references. Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
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Summary: | Annotation 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.
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Other form: | Print version: Haksar, V. (Vikram). Dynamics of corporate performance in Thailand. Washington, D.C. : International Monetary Fund, 2003
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