Resolution of Corporate Distress Evidence from East Asia's Financial Crisis /

June 1999 - Evidence from East Asia suggests that a firm's ownership relationship with a family or bank provides insurance against the likelihood of bankruptcy during bad times, possibly at the expense of minority shareholders. Bankruptcy is more likely in countries with strong creditor rights...

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Bibliographic Details
Main Author: Klapper, Leora
Other Authors: Claessens, Stijn, Djankov, Simeon
Format: Electronic Book
Language:English
Published: Washington, D.C. : The World Bank, 1999
Series:Policy research working papers
World Bank e-Library
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Stanford University

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