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Post-Crisis Changes in Banking and Corporate Landscapes: The Case of Thailand

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  • Margit Molnar

Abstract

This study investigates the relative importance of factors shaping banking and corporate landscapes in Thailand after 1997 through an empirical analysis of micro-data of Thai banks and firms. The results of the analysis of the bank data show that the deceleration of bank credit growth is mainly attributable to the fallout from the Asian crisis and postcrisis regulatory changes. While high non-performing loans (NPLs) and foreclosed assets on balance sheets hinder the resumption of lending, those banks that were well capitalised, larger or domestic could resume lending faster. The analysis also showed that big, domestic, well-capitalised banks with higher NPLs are more prone to diversify into securities investments. The analysis of the firm sample indicates that Thai firms have diversified their sources of financing over the period of 1997-2000, which is reflected in the rise of the share of debt securities and trade financing. As a conclusion from the above analyses, the ... Les changements après la crise dans le paysage des banques et des entreprises en Asie dynamique : Le cas de la Thaïlande Cette étude analyse l’importance relative des facteurs modelant le paysage des banques et des entreprises en Thaïlande après 1997 par le biais d’une analyse empirique de micro données des banques et entreprises thaïlandaises. Le résultat de l’analyse des données bancaires montre que la décélération de la croissance du crédit bancaire est principalement attribuable aux retombées de la crise asiatique et aux changements de réglementation après la crise. Tandis que les prêts non productifs élevés et les avoirs saisis sur les bilans retardent la reprise des prêts, les banques qui étaient bien capitalisées, plus grandes ou nationales ont pu reprendre les prêts plus vite. L’analyse montre également que les grandes banques, nationales, bien capitalisées avec des prêts non productifs élevés sont plus enclines à se diversifier en des investissements en titres. L’analyse de l’échantillon des entreprises indique que les firmes thaïlandaises ont diversifié leur source de financement sur la ...

Suggested Citation

  • Margit Molnar, 2003. "Post-Crisis Changes in Banking and Corporate Landscapes: The Case of Thailand," OECD Economics Department Working Papers 363, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:363-en
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    File URL: http://dx.doi.org/10.1787/145078855616
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    Cited by:

    1. Pasiouras, Fotios & Gaganis, Chrysovalantis & Zopounidis, Constantin, 2010. "Multicriteria classification models for the identification of targets and acquirers in the Asian banking sector," European Journal of Operational Research, Elsevier, vol. 204(2), pages 328-335, July.

    More about this item

    Keywords

    Asia; Asie; banking behaviour; comportement banquier; corporate financing policy; données de panel; financial markets; marchés financiers; panel data; politique de financement des entreprises; restructuration; restructuring;

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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