Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 이은정 | - |
dc.date.accessioned | 2021-02-09T04:52:03Z | - |
dc.date.available | 2021-02-09T04:52:03Z | - |
dc.date.issued | 2002-11 | - |
dc.identifier.citation | 재무연구, v. 15, no. 2, page. 107-141 | en_US |
dc.identifier.issn | 1229-0351 | - |
dc.identifier.uri | https://www.earticle.net/Article/A238054 | - |
dc.identifier.uri | https://repository.hanyang.ac.kr/handle/20.500.11754/157982 | - |
dc.description.abstract | This paper analyzes the incentives of credit banks and firms that face financial crisis, focusing on their debt-equity swaps. Empirical analyses show that firms with larger asset sizes, higher debt ratios, lower debt coverage ratios, lower ownership by largest shareholder, and smaller fixed assets tend to implement debt-equity swaps. It also shows that banks with lower BIS ratios and higher loan concentration prefer debt-equity swaps as a way of restructuring failing corporate customers. These results provide an indirect evidence that supports too-big-to-fail hypothesis in corporate loan market. | en_US |
dc.language.iso | ko_KR | en_US |
dc.publisher | 한국재무연구학회 | en_US |
dc.subject | 출자전환 | en_US |
dc.subject | 기업구조조정 | en_US |
dc.subject | 부채조정 | en_US |
dc.subject | 은행의 건전성 | en_US |
dc.subject | 기업지배구조 | en_US |
dc.title | 워크아웃기업의 출자전환에 관한 연구 | en_US |
dc.title.alternative | On the Incentives of Firms and Credit Banks under Corporate Restructuring and Debt-Equity Swaps | en_US |
dc.type | Article | en_US |
dc.relation.no | 2호 | - |
dc.relation.volume | 제15권 | - |
dc.relation.page | 107-141 | - |
dc.relation.journal | 재무연구 | - |
dc.contributor.googleauthor | 박경서 | - |
dc.contributor.googleauthor | 이은정 | - |
dc.contributor.googleauthor | 장하성 | - |
dc.relation.code | 2012211019 | - |
dc.sector.campus | E | - |
dc.sector.daehak | COLLEGE OF BUSINESS AND ECONOMICS[E] | - |
dc.sector.department | DIVISION OF BUSINESS ADMINISTRATION | - |
dc.identifier.pid | ejunglee | - |
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