Corporate Restructuring and Its Macro Effects.
Shin, Jongsoon, Mr.
Corporate Restructuring and Its Macro Effects. - Washington, D.C., UNITED STATES : INTERNATIONAL MONETARY FUND, 2017. - 1 online resource (27) - IMF Working Papers. .
This paper describes issues in Korea's corporate sector, the need for restructuring, and the authorities' initiatives and challenges. It then identifies lessons from other countries' experience and conducts an econometric analysis based on cross-country aggregate data, compared with previous studies which mostly use firm-level data. This analysis finds that restructuring episodes, while sometimes challenging in the short term, have typically been associated with more rapid economic growth afterward. Corporate restructuring could have a negative effect on the labor and the financial markets in the short term, but is associated with positive growth through increased investment and capital productivity in the medium term, outpacing the negative effects.
1475578024 9781475578027
10.5089/9781475572438.001 doi
997762 MIL
Corporate reorganizations.
Consolidation and merger of corporations.
Consolidation and merger of corporations.
Corporate reorganizations.
BUSINESS & ECONOMICS / Industrial Management
BUSINESS & ECONOMICS / Management
BUSINESS & ECONOMICS / Management Science
BUSINESS & ECONOMICS / Organizational Behavior
Electronic books.
HD58.8
658.406
Corporate Restructuring and Its Macro Effects. - Washington, D.C., UNITED STATES : INTERNATIONAL MONETARY FUND, 2017. - 1 online resource (27) - IMF Working Papers. .
This paper describes issues in Korea's corporate sector, the need for restructuring, and the authorities' initiatives and challenges. It then identifies lessons from other countries' experience and conducts an econometric analysis based on cross-country aggregate data, compared with previous studies which mostly use firm-level data. This analysis finds that restructuring episodes, while sometimes challenging in the short term, have typically been associated with more rapid economic growth afterward. Corporate restructuring could have a negative effect on the labor and the financial markets in the short term, but is associated with positive growth through increased investment and capital productivity in the medium term, outpacing the negative effects.
1475578024 9781475578027
10.5089/9781475572438.001 doi
997762 MIL
Corporate reorganizations.
Consolidation and merger of corporations.
Consolidation and merger of corporations.
Corporate reorganizations.
BUSINESS & ECONOMICS / Industrial Management
BUSINESS & ECONOMICS / Management
BUSINESS & ECONOMICS / Management Science
BUSINESS & ECONOMICS / Organizational Behavior
Electronic books.
HD58.8
658.406