IDEAS home Printed from https://ideas.repec.org/a/ids/ijmefi/v1y2008i4p355-379.html
   My bibliography  Save this article

Financing decisions during different economic periods: evidence from Indonesia and Malaysia

Author

Listed:
  • Ludwig F.M. Reinhard
  • Steven Li

Abstract

This paper analyses the influence of economic fluctuations on the financing decisions of companies from Indonesia and Malaysia from 1996 to 2005. Our results show that companies with better access to external capital and those that adjust their financial structures faster outperform other companies. In both countries, monetary policy measures appear to be hampered by domestic bank lending practices, capital control measures and the underdevelopment of capital markets. The future development of capital markets and the abolishment of capital control measures, thus, appear to be important issues to increase the efficiency of monetary policy measures in Indonesia and Malaysia.

Suggested Citation

  • Ludwig F.M. Reinhard & Steven Li, 2008. "Financing decisions during different economic periods: evidence from Indonesia and Malaysia," International Journal of Monetary Economics and Finance, Inderscience Enterprises Ltd, vol. 1(4), pages 355-379.
    • Handle: RePEc:ids:ijmefi:v:1:y:2008:i:4:p:355-379
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=21145
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijmefi:v:1:y:2008:i:4:p:355-379. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=218 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.