메뉴 건너뛰기




Volumn 43, Issue 1, 2003, Pages 31-49

An investigation into the use of mergers as a solution for the Asian banking sector crisis

Author keywords

Bank failure risk; Emerging markets; Exchange rate; Mergers and acquisitions

Indexed keywords


EID: 0037337431     PISSN: 10629769     EISSN: None     Source Type: Journal    
DOI: 10.1016/S1062-9769(01)00135-1     Document Type: Article
Times cited : (13)

References (29)
  • 1
    • 0012326766 scopus 로고    scopus 로고
    • Volatility and contagion in a financial integrated world: Lessons from East Asia's recent experience
    • Work Bank research paper
    • Alba, P., Bhattacharya, A., Claessens, S., Ghosh, S., & Hernandex, L. (1998). Volatility and contagion in a financial integrated world: Lessons from East Asia's recent experience. Work Bank research paper.
    • (1998)
    • Alba, P.1    Bhattacharya, A.2    Claessens, S.3    Ghosh, S.4    Hernandex, L.5
  • 2
    • 21844486159 scopus 로고
    • Motivations for bank mergers and acquisitions: Enhancing the deposit insurance put option versus earnings diversification
    • Benston, G., Hunter, W., & Wall, L. (1995). Motivations for bank mergers and acquisitions: Enhancing the deposit insurance put option versus earnings diversification. Journal of Money, Credit and Banking, 27, 777-788.
    • (1995) Journal of Money, Credit and Banking , vol.27 , pp. 777-788
    • Benston, G.1    Hunter, W.2    Wall, L.3
  • 3
    • 0003737544 scopus 로고    scopus 로고
    • The Asia crisis: Causes, policy responses, and outcomes
    • IMF research paper
    • Berg, A. (1999). The Asia crisis: Causes, policy responses, and outcomes. IMF research paper.
    • (1999)
    • Berg, A.1
  • 4
    • 0012270523 scopus 로고    scopus 로고
    • Heard in Asia, Korean bank-debt surprise renews investors' fear of undisclosed risk
    • (April 13)
    • Booth, J. (2000, April 13). Heard in Asia, Korean bank-debt surprise renews investors' fear of undisclosed risk. The Asian Wall Street Journal, 13.
    • (2000) The Asian Wall Street Journal , pp. 13
    • Booth, J.1
  • 5
    • 0012272443 scopus 로고    scopus 로고
    • Asian-Pacific news, Malaysian finance sector begin rush to consolidate-central bank wants merger agreed by March 31
    • (January 5)
    • Chen, M. (1998, January 5). Asian-Pacific news, Malaysian finance sector begin rush to consolidate-central bank wants merger agreed by March 31. The Asian Wall Street Journal, 3.
    • (1998) The Asian Wall Street Journal , pp. 3
    • Chen, M.1
  • 6
    • 0012221782 scopus 로고    scopus 로고
    • Asian crisis, how and why?
    • Chirpcop, M. (2000). Asian crisis, how and why? The Secured Lender, 56, 68-78.
    • (2000) The Secured Lender , vol.56 , pp. 68-78
    • Chirpcop, M.1
  • 8
    • 37649023213 scopus 로고
    • Optimal capital structure under corporate and personal taxation
    • DeAngelo, H., & Masulis, R. (1980). Optimal capital structure under corporate and personal taxation. Journal of Finance Economics, 9, 3-29.
    • (1980) Journal of Finance Economics , vol.9 , pp. 3-29
    • DeAngelo, H.1    Masulis, R.2
  • 9
    • 0012319767 scopus 로고    scopus 로고
    • Asain-Pacific news, Korea proposes support of banking-sector mergers
    • Dow Jones News Services. (December 11)
    • Dow Jones News Services. (1996, December 11). Asain-Pacific news, Korea proposes support of banking-sector mergers. The Asian Wall Street Journal, 3.
    • (1996) The Asian Wall Street Journal , vol.3
  • 10
    • 0012325215 scopus 로고    scopus 로고
    • Asian-Pacific news, Thailand announces criteria for mergers of finance groups
    • Dow Jones News Services. (April 3)
    • Dow Jones News Services. (1997, April 3). Asian-Pacific news, Thailand announces criteria for mergers of finance groups. The Asian Wall Street Journal, 3.
    • (1997) The Asian Wall Street Journal , vol.3
  • 11
    • 0012267370 scopus 로고    scopus 로고
    • Philippines to attempt to spur bank mergers
    • Dow Jones Newswires. (July 29)
    • Dow Jones Newswires. (1998, July 29). Philippines to attempt to spur bank mergers. The Asian Wall Street Journal, 22.
    • (1998) The Asian Wall Street Journal , vol.22
  • 12
    • 0012304936 scopus 로고    scopus 로고
    • Indonesia: Troubled waters ahead
    • (November 9-11)
    • Frazee, V. (1998, November 9-11). Indonesia: Troubled waters ahead. Workforce.
    • (1998) Workforce
    • Frazee, V.1
  • 13
    • 0012222333 scopus 로고
    • Holding company acquisitions and bank performance: A comparative study
    • Hobson, H., Matson, J.,& Severiens, J. (1978). Holding company acquisitions and bank performance: A comparative study. Journal of Bank Research, 9, 116-120.
    • (1978) Journal of Bank Research , vol.9 , pp. 116-120
    • Hobson, H.1    Matson, J.2    Severiens, J.3
  • 14
    • 84977349123 scopus 로고
    • A mean-variance theory of optimal capital structure and corporate debt capacity
    • Kim, E. (1978). A mean-variance theory of optimal capital structure and corporate debt capacity. Journal of Finance, 33, 45-63.
    • (1978) Journal of Finance , vol.33 , pp. 45-63
    • Kim, E.1
  • 15
    • 0000661538 scopus 로고
    • Conglomerate mergers and the co-insurance of corporate debt
    • Kim, H., & Mcconnell, J. (1977). Conglomerate mergers and the co-insurance of corporate debt. Journal of Finance, 32, 349-365.
    • (1977) Journal of Finance , vol.32 , pp. 349-365
    • Kim, H.1    Mcconnell, J.2
  • 16
    • 0000124595 scopus 로고
    • A state preference model of optimal financial leverage
    • Kraus, A., & Litzenberger, R. (1973). A state preference model of optimal financial leverage. Journal of Finance, 28, 911-921.
    • (1973) Journal of Finance , vol.28 , pp. 911-921
    • Kraus, A.1    Litzenberger, R.2
  • 18
    • 0034374759 scopus 로고    scopus 로고
    • Asia's financial crisis, speculative bubbles, and under-consumption theory
    • Leightner, J. (2000). Asia's financial crisis, speculative bubbles, and under-consumption theory. Journal of Economic Issues, 34, 385-392.
    • (2000) Journal of Economic Issues , vol.34 , pp. 385-392
    • Leightner, J.1
  • 19
    • 84993848595 scopus 로고
    • A pre financial rationale for the conglomerate merger
    • Lewellen, W. (1971). A pre financial rationale for the conglomerate merger. Journal of Finance, 26, 521-545.
    • (1971) Journal of Finance , vol.26 , pp. 521-545
    • Lewellen, W.1
  • 20
    • 0003373038 scopus 로고    scopus 로고
    • Financial crisis in East Asia: Bank runs, asset bubbles and antidotes
    • Miller, M., & Luangaram, P. (1998). Financial crisis in East Asia: Bank runs, asset bubbles and antidotes. National Institute Economic Review, 165, 66-82.
    • (1998) National Institute Economic Review , vol.165 , pp. 66-82
    • Miller, M.1    Luangaram, P.2
  • 21
    • 0012267974 scopus 로고    scopus 로고
    • The emerging markets safest banks
    • Ogden, J. (1998). The emerging markets safest banks. Global Finance, 12, 64-66.
    • (1998) Global Finance , vol.12 , pp. 64-66
    • Ogden, J.1
  • 22
    • 38249003130 scopus 로고
    • Efficiency effects of horizontal (in-market) bank mergers
    • Rhoades, S. (1993). Efficiency effects of horizontal (in-market) bank mergers. Journal of Banking and Finance, 17, 411-422.
    • (1993) Journal of Banking and Finance , vol.17 , pp. 411-422
    • Rhoades, S.1
  • 23
    • 84965761510 scopus 로고
    • The distribution of outcomes from corporate mergers: Evidence from commercial bank acquisition strategies
    • Rose, P. (1995). The distribution of outcomes from corporate mergers: Evidence from commercial bank acquisition strategies. Journal of Accounting, Auditing & Finance, 10, 343-364.
    • (1995) Journal of Accounting, Auditing & Finance , vol.10 , pp. 343-364
    • Rose, P.1
  • 24
    • 0012222666 scopus 로고
    • Conglomerate mergers and under-performance risk: A note
    • Shih, M. (1995). Conglomerate mergers and under-performance risk: A note. The Quarterly Review of Economics and Finance, 35, 225-231.
    • (1995) The Quarterly Review of Economics and Finance , vol.35 , pp. 225-231
    • Shih, M.1
  • 25
    • 0012313460 scopus 로고    scopus 로고
    • Asian-Pacific news: Indonesian bank merger signals change; five institutions will combine in move seen as a test of financial system
    • (January 20)
    • Solomon, J., Linebaugh, K. (1998, January 20). Asian-Pacific news: Indonesian bank merger signals change; five institutions will combine in move seen as a test of financial system. The Asian Wall Street Journal, 3.
    • (1998) The Asian Wall Street Journal , vol.3
    • Solomon, J.1    Linebaugh, K.2
  • 27
    • 0001546166 scopus 로고
    • The value of the tax subsidy on risky debt
    • Talmor, E., Haugen, R., & Barnea, A. (1985). The value of the tax subsidy on risky debt. Journal of Business, 58, 191-202.
    • (1985) Journal of Business , vol.58 , pp. 191-202
    • Talmor, E.1    Haugen, R.2    Barnea, A.3
  • 28
    • 0012270524 scopus 로고    scopus 로고
    • Interstate bank mergers and their impact on shareholder returns: Evidence from the 1990s
    • Toyne, M., & Tripp, J. (1998). Interstate bank mergers and their impact on shareholder returns: Evidence from the 1990s. Quarterly Journal of Business and Economics, 37, 48-58.
    • (1998) Quarterly Journal of Business and Economics , vol.37 , pp. 48-58
    • Toyne, M.1    Tripp, J.2
  • 29
    • 84911553050 scopus 로고
    • Performance of banks acquired by multibank holding companies in Ohio
    • Ware, R. (1973). Performance of banks acquired by multibank holding companies in Ohio. Economic Review - Federal Reserve Bank of Cleveland, 9, 19-28.
    • (1973) Economic Review - Federal Reserve Bank of Cleveland , vol.9 , pp. 19-28
    • Ware, R.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.