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Deposit Insurance, Corporate Governance and Discretionary Behavior: Evidence from Thai Financial Institutions
http://hdl.handle.net/10086/13907
http://hdl.handle.net/10086/13907bde6797e-a40a-42b6-988d-23adc346c7f1
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
wp2004-15a.pdf (559546 bytes)
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| 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 | Deposit Insurance, Corporate Governance and Discretionary Behavior: Evidence from Thai Financial Institutions | |||||||
| 言語 | en | |||||||
| 作成者 |
Anuchitworawong, Chaiyasit
× Anuchitworawong, Chaiyasit
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| 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 | Implicit guarantee | |||||||
| 主題 | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Risk | |||||||
| 主題 | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Ownership Structure | |||||||
| 主題 | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Managerial Discretion | |||||||
| 主題 | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Thai Financial Institutions | |||||||
| 内容記述 | ||||||||
| 内容記述タイプ | Other | |||||||
| 内容記述 | July 2004 | |||||||
| 言語 | en | |||||||
| 内容記述 | ||||||||
| 内容記述タイプ | Abstract | |||||||
| 内容記述 | Claiming that the implicit cost of deposit insurance is an alternative proxy for risk-taking behavior, we examine the effects of incentive-inducing ownership and entrenchment of the largest shareholders and discretionary behavior of the management on the risk of Thai financial institutions. Our empirical results suggest that, during 1994-1996, the largest shareholders engage in low risk-taking activities when they hold large cash flow rights and have low deviation of cash flow from control rights. However, the risk is higher when the largest family shareholder enters the board and when Chairman-CEO can manipulate loan loss provisions. After the financial crisis, earnings management through discretion on loan loss provisions reduces risk. Overall, this study suggests that the problems underlying the implicit guarantee scheme are different between banks and finance companies, and between types of governance structure. | |||||||
| 出版者 | ||||||||
| 出版者 | Institute of Economic Research, Hitotsubashi University | |||||||
| 日付 | ||||||||
| 日付 | 2004-09 | |||||||
| 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. 2004-15 | |||||||
| 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 | G13 | |||||||
| JEL | ||||||||
| 値 | G21 | |||||||
| JEL | ||||||||
| 値 | G32 | |||||||
