Did Families Lose or Gain Control after the East Asian Financial Crisis
Did Families Lose or Gain Control after the East Asian Financial Crisis
复制标题
东亚金融危机后家庭是失去还是获得了控制权
DOI：
10.4324/9780203300367-16
复制
发表时间：
2003
期刊：
影响因子：
--
通讯作者：
Yupana Wiwattanakantang
中科院分区：
文献类型：
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作者：
A. Khanthavit;Piruna Polsiri;Yupana Wiwattanakantang
This paper investigates the ownership and control of Thai public firms in the period after the East Asian financial crisis, compared to those in the pre-crisis period. Using the comprehensive unique database of ownership and board structures, we find that the ownership and control appear to be more concentrated in the hands of controlling shareholders subsequent to the crisis. Interestingly, even though families remain the most prevalent owners of Thai firms and are still actively involved in the management after the financial crisis, their role as the controlling shareholder becomes less significant. In addition, our results show that direct shareholdings are most frequently used as a means of control in both periods. Pyramids and cross-shareholdings, however, are employed to the lesser extent following the crisis.
DOI：
--
发表时间：
2006
期刊：
Chang, S-J, ed., Business Groups in East Asia Financial Crisis, Restructuring, And New Growth the University of Oxford Press
影响因子：
--
作者：
Polsiri;Piruna
通讯作者：
Piruna