| 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 |
Corporate Governance and Investment in East Asian Firms : Empirical Analysis of Family-Controlled Firms |
|
言語 |
en |
| 作成者 |
花崎, 正晴
劉, 群
|
| 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 |
| 権利情報 |
|
|
権利情報 |
Copyright © 2007 Elsevier Inc. All rights reserved. The definitive version is published in Journal of Asian economics, Volume 18, Issue 1, February 2007, DOI.:10.1016/j.asieco.2006.12.003 |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
Family-controlled firm |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
Corporate Investment |
| 主題 |
|
|
主題Scheme |
Other |
|
主題 |
Asian crisis |
| 内容記述 |
|
|
内容記述タイプ |
Abstract |
|
内容記述 |
In this paper, we analyze in quantitative terms the influence of family control on the pattern of corporate investment, using firm-level data from Indonesia, Korea, Malaysia, the Philippines, and Thailand to regress the investment function and focusing on the family ownership structure that characterizes East Asian corporate governance. Our results present evidence that family-controlled firms, the majority of the firms in our data set, face more severe internal financing constraints than non-family-controlled firms. Our findings suggest that the mechanism in East Asian countries, which is commonly assumed to permit smooth reallocation of money among investment projects through the internal capital markets of family-controlled group firms, does not work well, and that, coupled with the difficulty of obtaining financing from external capital markets, it may lead to strict internal financing constraints on investment. |
|
言語 |
en |
| 出版者 |
|
|
出版者 |
Elsevier Science B.V. |
| 日付 |
|
|
日付 |
2007-02 |
|
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_6501 |
|
資源タイプ |
journal article |
| 出版タイプ |
|
|
出版タイプ |
AM |
|
出版タイプResource |
http://purl.org/coar/version/c_ab4af688f83e57aa |
| 関連情報 |
|
|
関連タイプ |
isVersionOf |
|
|
識別子タイプ |
DOI |
|
|
関連識別子 |
10.1016/j.asieco.2006.12.003 |
| 収録物識別子 |
|
|
収録物識別子タイプ |
ISSN |
|
収録物識別子 |
1049-0078 |
| 収録物識別子 |
|
|
収録物識別子タイプ |
NCID |
|
収録物識別子 |
AA10780670 |
| 収録物名 |
|
|
収録物名 |
Journal of Asian Economics |
| 巻 |
|
|
巻 |
18 |
| 号 |
|
|
号 |
1 |
| 開始ページ |
|
|
開始ページ |
76 |
| 終了ページ |
|
|
終了ページ |
97 |
| JEL |
|
|
値 |
G32 |
| JEL |
|
|
値 |
E22 |
| JEL |
|
|
値 |
O53 |
0100802301.pdf (497465 bytes)
