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The present paper examines the capital structure adjustment dynamics of listed non-financial corporations in seven East Asian countries during 1994-2002. Compared to firms in the least affected countries, average leverages were much higher among firms in the worst affected countries while the...
Persistent link: https://www.econbiz.de/10003693700
This study examines the impact of 1997 Asian and 2008 Global financial crises on the capital structure of Korean listed companies. Using a data set covering 1,159 Korean listed non-financial firms from 10 industrial sectors over period 1985-2015, the pattern of firms' capital structure before...
Persistent link: https://www.econbiz.de/10011612999
The paper examines the relationship between leverage and growth in a group of emerging central and eastern European countries, who are at different levels of financial market development. We hypothesize a non-linear relationship in that moderate leverage could boost growth while very high...
Persistent link: https://www.econbiz.de/10003944314
a prime contributor to the slump. We estimate that import competition from China, which surged after 2000, was a major …
Persistent link: https://www.econbiz.de/10010528574
We see industrialization in China the last 150 years as an ongoing process through which firms acquired and deepened … seriously limit benefits. For a latecomer like China, modern industry initially finds its most success in more labor …-intensive products and processes. China's experience shows that government can both support and obstruct this process. Our review of long …
Persistent link: https://www.econbiz.de/10011517939
This paper uses detailed production data from a half million Chinese manufacturing plants over 1998-2007 to estimate the effects of temperature on firm-level total factor productivity (TFP), factor inputs, and output. We detect an inverted U- shaped relationship between temperature and TFP and...
Persistent link: https://www.econbiz.de/10011760107
emanating from China's economic ascent could in theory either augment or stifle U.S. innovation. Using three decades of U …
Persistent link: https://www.econbiz.de/10012119210
We investigate the effect of rising labor costs on induced technological change in China's secondary industry. While …/environmental protection, there has been little evidence relating to China's adjustments as rising labor costs affect its global … rising wages have induced labor-saving innovation in China, at least in the decade of the 1990s, but less so or not at all …
Persistent link: https://www.econbiz.de/10012194205
Do firms in China share rents with their workers? We address this question by examining firm-level panel data covering … importance, RS in China is smaller and more symmetric than in developed economies, which reflects the weaker bargaining power of …
Persistent link: https://www.econbiz.de/10011985679
This paper provides evidence on how executive compensation relates to firm performance in listed firms in China. Using … comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on executive … cash compensation (salary and bonus) for top executives with respect to shareholder value in China. In addition, sales …
Persistent link: https://www.econbiz.de/10003225948