Corporate Responses to the Asian Financial Crisis

Masaaki Kotabe and Shruti Gupta

Chapter 2 in Asian Post-crisis Management, 2002, pp 17-33 from Palgrave Macmillan

Abstract: Abstract The Asian financial crisis has escalated into the biggest threat to global prosperity since the oil crisis of the 1970s. The region’s once booming economies are still fragile, liquidity problems are crippling regional trade, and losses from Asian investments are eroding profits for many Japanese companies. Similarly, among Western companies, quite a few US companies are reporting less than expected earnings because of their large investments in Asia. Others fear that the Asian crisis would wash ashore to the seemingly unrelated regions of the world, including the USA and Europe. For example, the unsettling ups and downs of the Dow Jones Industrial Average reflect the precarious nature of US investments in Asia. Economists blamed Asia for nipping the world’s economic growth by one percentage point in 1998–99.

Keywords: Corporate Governance; Corporate Response; Economic Recovery; Trade Deficit; Asian Economy (search for similar items in EconPapers)
Date: 2002
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59583-5_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230595835

DOI: 10.1057/9780230595835_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().