| アイテムタイプ |
デフォルトアイテムタイプ（フル）その２(1) |
| 公開日 |
2017-05-20 |
| タイトル |
|
|
タイトル |
Pyramiding of Family-owned Banks in Emerging Markets |
|
言語 |
en |
| 作成者 |
Bunkanwanicha, Pramuan
Gupta, Jyoti
ウィワッタナカンタン, ユパナ
|
| 寄与者 |
|
|
寄与者タイプ |
Editor |
|
|
姓名 |
Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University |
|
|
言語 |
en |
| アクセス権 |
|
|
アクセス権 |
open access |
|
アクセス権URI |
http://purl.org/coar/access_right/c_abf2 |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
Family-owned banks |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
Pyramids |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
Business groups |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
Emerging markets |
| 内容記述 |
|
|
内容記述タイプ |
Abstract |
|
内容記述 |
This paper analyzes family-owned banks in Thailand. Using the data before the financial crisis, we find that wealthy families extensively use pyramids to control a business empire which includes financial and non-financial firms. We analyze the entire family group structure and find that one-third of the banks were placed at the second tier near the apex and two-third of the banks were located at deeper tiers in the pyramids. The empirical results show that bottom tier banks have lower performance due to risky loans. This evidence is consistent with the view that when the controlling family maximizes growth and stability of the entire group, lower tier firms are assigned to undertake risky investment. This ownership setting can insulate the entire group from the adverse effect when the investment does not pay off because the family owns relatively low cash flow stake in lower tier firms. |
|
言語 |
en |
| 出版者 |
|
|
出版者 |
Institute of Economic Research, Hitotsubashi University |
| 日付 |
|
|
日付 |
2006-09 |
|
日付タイプ |
Issued |
| 言語 |
|
|
言語 |
eng |
| 資源タイプ |
|
|
資源タイプ識別子 |
http://purl.org/coar/resource_type/c_18gh |
|
資源タイプ |
technical report |
| 出版タイプ |
|
|
出版タイプ |
VoR |
|
出版タイプResource |
http://purl.org/coar/version/c_970fb48d4fbd8a85 |
| 関連情報 |
|
|
関連タイプ |
isPartOf |
|
|
関連名称 |
CEI Working Paper Series ; No. 2006-4 |
| 関連情報 |
|
|
|
識別子タイプ |
URI |
|
|
関連識別子 |
http://cei.ier.hit-u.ac.jp/index.html |
| 収録物識別子 |
|
|
収録物識別子タイプ |
NCID |
|
収録物識別子 |
AA11590659 |
| ページ数 |
|
|
ページ数 |
33 |
| JEL |
|
|
値 |
G21 |
| JEL |
|
|
値 |
G38 |
wp2006-4a.pdf (273594 bytes)
