Poor corporate governance was identified as one of the root causes of the recent Asian financial crisis. The absence of effective disciplines on corporate managers, coupled with complicated and opaque relationships between corporations, their owners ...In this context, Koreaa#39;s debt overhang problem, if realised, is more likely to be caused by excessive domestic debt rather than external debt (J.K. Kim ... (1993), Y.J. Cho and J.K. Kim (1995) provide more details on the directed credit programs in Korea. ... in Korea have not adopted mark-to-market accounting for securities, though it is in common use internationally and even in use by domestic corporations.
|Title||:||Corporate Governance Corporate Governance in Asia A Comparative Perspective|
|Publisher||:||OECD Publishing - 2001-08-01|