Dynamics of Corporate Performance in Thailand

WPIEA2142003 Image
Price:  $15.00

Author/Editor: Piyabha Kongsamut, V Haksar
Release Date: © November, 2003
ISBN : 978-1-45187-501-0
Stock #: WPIEA2142003
Stock Status: On back-order

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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.


Debt , Economic policy , Economic sectors , Financial crisis , Fiscal policy , International financial system , Private sector

More publications in this series: Working Papers

More publications by: Piyabha Kongsamut ; V Haksar