Fiscal Frameworks and Financial Systems in East Asia How Much Do They Matter?
- List Price: $23.95
- Binding: Paperback
- Publisher: Univ of Toronto Pr
- Publish date: 11/01/1998
- ISBN: 9780802082299
- ISBN10: 0802082297
The study of financial frameworks focuses on corporate finance and analyzes the relationship between financing patterns and the level of development of securities markets and financial liberalization in the region. It focuses on the issue of how firms finance investments and the extent to which they depend on retained earnings and funding obtained through the market.
Both studies include Japan, China, Hong Kong, Taiwan, Singapore, Korea, Indonesia, Malaysia, Thailand and Philippines. Both also consider the implications of taxation for savings and investment flows in domestic economies and across borders and the implications of public sector demand for savings for corporate financing constraints.