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Author: Shams Pathan Publisher: ISBN: Category : Languages : en Pages : 39
Book Description
This paper provides an empirical analysis on Thailand's bank governance reforms after the Asian financial crisis in 1997 and then examines the stock market's response. Unlike the pre-crisis period, we find that the bank sector returns (or return volatilities) have become more Granger causal to the overall stock market in the post-crisis period. Announcements of bank governance reforms are generally also associated with significant change in bank sector returns. This adds to the proposition that improved bank governance is related to improved bank performance as measured by their bank stock returns.
Author: Shams Pathan Publisher: ISBN: Category : Languages : en Pages : 39
Book Description
This paper provides an empirical analysis on Thailand's bank governance reforms after the Asian financial crisis in 1997 and then examines the stock market's response. Unlike the pre-crisis period, we find that the bank sector returns (or return volatilities) have become more Granger causal to the overall stock market in the post-crisis period. Announcements of bank governance reforms are generally also associated with significant change in bank sector returns. This adds to the proposition that improved bank governance is related to improved bank performance as measured by their bank stock returns.
Author: Sakulrat Montreevat Publisher: Institute of Southeast Asian Studies ISBN: Category : Business & Economics Languages : en Pages : 156
Book Description
Thailand's currency crisis triggered off a national and regional economic meltdown in the closing years of the twentieth century. One lesson was that monetary and policy institutions need to be strengthened and overall good corporate governance practiced to prevent another destabilizing crisis. Written by Thai economists, this book gives a progress report on good corporate governance practices in listed non-financial companies, financial institutions, state-owned enterprises, and non-listed companies in Thailand. It addresses the following issues: What went wrong in terms of corporate governance practices before the financial crisis? What further corporate governance reforms are required? Who are the significant players actively promoting good corporate governance? What are the guidelines and regulations on corporate governance? What are the achievements and remaining agenda? How do companies go about good corporate governance practices? Are the practices real? And what are challenges and policy issues going forward?
Author: Tull Traisaorat Publisher: Springer ISBN: Category : Law Languages : en Pages : 474
Book Description
This book takes as its focus the current supervisory and regulatory framework for bank supervision in Thailand and the Thai authorities' efforts to modernise and restructure the Thai banking system. It examines the obstacles to this restructuring, which include the current economic difficulties in Thailand and the East Asia region as well as more fundamental historical, cultural and socio-economic factors that underpin Thai society. The book looks at the numerous banking statutes put in place in Thailand in the past sixty years, including legislation of the 1980s in response to problems involving fraud, insider dealing and solvency concerns. It examines how historically ambiguous structures of governmental responsibility and power, and a heavy emphasis on government discretion in regulation, have so far inhibited the effectiveness of this extensive body of legislation in developing a sound modern banking system. There follows an in-depth analysis of the 1997-1998 Thai Banking Crisis and ways in which lessons can be learned to avoid similar crises in future. The author argues for a greater degree of transparency in the regulatory process to bring it into line with internationally accepted standards, for increased supervisory implementation and enforcement by Thai governmental authorities, and for the ultimate depoliticisation of the bank regulatory and supervisory processes.
Author: World Bank. Public Sector Board Publisher: World Bank Publications ISBN: Category : Business & Economics Languages : en Pages : 186
Book Description
This report seeks to assess the progress to date in implementing the World Bank's strategy for governance and public sector reform. It also highlights specific challenges and approaches of individual regions, the Development Research Group and the World Bank Institute.
Author: Joseph J. Norton Publisher: ISBN: Category : Languages : en Pages : 38
Book Description
Using recent banking reforms in Thailand as a case study, the author contemplates the legal and regulatory implications of adapting "internationally accepted bank supervisory standards" for emerging and transitioning economies. The examination of the Thailand case includes a discussion of unique factors of the Thai financial sector, such as the social and political structures and the legislative process, as well as general commentary on proposed new banking legislation currently being considered by the Thai Parliament. The author also addresses the crucial issue of enforcement, with a focus on educational dimensions, good governance, Prompt Corrective Action, exit policies and consolidated and conglomerate supervision.
Book Description
Is "Good Governance" the key for sustainable development and poverty eradication? Careful analysis of economic history in Europe and East Asia shows that its theoretical foundations and explanations do not meet reality: While Good Governance might prepare poor countries to integrate themselves into global markets, they will not experience substantial growth and poverty reduction. Political realities in developing countries are complex, including diverse factions of competing patron-client networks. Hence, reform, instead of cutting states towards a perceived mirror image of Western democracies, should aim to build institutions that enable leaders to introduce changes that transform failing states into "developmental states".
Author: Ho Khai Leong Publisher: Institute of Southeast Asian Studies ISBN: 9812302956 Category : Business & Economics Languages : en Pages : 417
Book Description
This multi-disciplinary volume provides a critical examination of corporate governance reform in Southeast Asia especially after the Asian financial crisis in 1997. The weaknesses in the corporate sector, such as poor investment structure, weak legal and accounting systems, faulty financial practices, questionable political interventions, are some of the pertinent issues raised by the authors, who include legal specialists, corporate practitioners, economists, and political scientists. Policy measures to improve corporate transparency, institutional accountability, and fiscal prudence are also proposed. The volume provides interested readers and policy-makers in Southeast Asia with the most current research and policy options on corporate governance reform, and advocates more committed and effective governance changes in the future.
Author: Xiaoke Zhang Publisher: Routledge ISBN: 1134426488 Category : Business & Economics Languages : en Pages : 255
Book Description
This is the first systematic attempt to explore the causal relationship between financial market reform and financial crisis in an interdisciplinary and comparative perspective. It examines the political underpinnings of financial policy-change and provides an in-depth analysis of market liberalisation processes and their impact on the economic turmoil of 1997-98 in Korea and Thailand. The common crisis stemmed from divergent reform patterns and originated from dissimilar institutional deficiencies and political constraints. The book will be essential reading for both policy-makers and academics concerned with national governance in an era of globalisation.
Author: Clay Wescott Publisher: Emerald Group Publishing ISBN: 1846639972 Category : Political Science Languages : en Pages : 260
Book Description
Features chapters that analyze and compare the experiences of Asian countries in carrying out governance reforms. This book tackles such questions as: how common reform packages designed for developed countries are implemented in developing countries? What happens in the reform diffusion process? And what are the obstacles to reform success?
Author: Shams Pathan
Author: Shams Pathan
Author: Wanxue Lu
Author: Sakulrat Montreevat
Author: Tull Traisaorat
Author: World Bank. Public Sector Board
Author: Joseph J. Norton
Author: André Ufer
Author: Ho Khai Leong
Author: Xiaoke Zhang
Author: Clay Wescott