| 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 |
Do Main Banks Extract Rents from their Client Firms? Evidence from Korean Chaebol |
|
言語 |
en |
| 作成者 |
Kim, Yitae
Park, Kwangwoo
Ratti, Ronald
Shin, Hyun-Han
|
| 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 |
Cash holdings |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
bank power |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
rent extraction |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
Korean chaebol |
| 内容記述 |
|
|
内容記述タイプ |
Other |
|
内容記述 |
This Version: June 2002; First Version: May 2001 |
|
言語 |
en |
| 内容記述 |
|
|
内容記述タイプ |
Abstract |
|
内容記述 |
Using a unique data set on all industrial firms listed on Korea Stock Exchange and KOSDAQ stock market from 1991 to 2000, we find that cash ratios for chaebol firms are lower than for non-chaebol firms. Controlling for access to the bond market and financial services arms does not change this result. We do however find that there is a shift in the degree of bank power over the last decade. Consistent with the main bank monopoly hypothesis during the corporate restructuring process after the financial crisis in 1997, the interest differential charged to chaebol firms is significantly higher than the earlier period, suggesting extraction of rents against chaebol client firms by main banks. |
| 出版者 |
|
|
出版者 |
Institute of Economic Research, Hitotsubashi University |
| 日付 |
|
|
日付 |
2002-09 |
|
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. 2002-9 |
| 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 |
44 |
| JEL |
|
|
値 |
G15 |
| JEL |
|
|
値 |
G18 |
| JEL |
|
|
値 |
G32 |
wp2002-9a.pdf (236142 bytes)
