Asian Economic Journal最新文献_第9页

Does Trade Elasticity Vary Across Regimes? New Evidence from Korean Exports, Incorporating Regime Changes* 不同制度的贸易弹性不同吗?包括政权更迭在内的韩国出口新证据*

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2021-02-05 DOI: 10.1111/asej.12223

Sei-Wan Kim, Moon Jung Choi

引用次数: 0

Determinants of Corporate Bankruptcy: Evidence from Chaebol and Non-Chaebol Firms in Korea 企业破产的决定因素:来自韩国财阀和非财阀企业的证据

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-11-27 DOI: 10.1111/asej.12218

Jounghyeon Kim

{"title":"Determinants of Corporate Bankruptcy: Evidence from Chaebol and Non-Chaebol Firms in Korea","authors":"Jounghyeon Kim","doi":"10.1111/asej.12218","DOIUrl":"10.1111/asej.12218","url":null,"abstract":"Using a panel dataset for the period of 1991–2001, the present paper explores the significant determinants that indicate the likelihood of bankruptcy for chaebol and non-chaebol firms in Korea, and identifies the differences in the determinants between the two types of firms, with an emphasis on their ownership and financial structures. Logit bankruptcy regressions show that largest shareholder ownership (i.e. ownership concentration) is likely to act as a corporate governance mechanism in reducing bankruptcy risk and that financial stability, operating experience and firm size are also important. In separate regressions for chaebol and non-chaebol firms, foreign ownership for chaebol firms and ownership concentration for non-chaebol firms emerge as significantly positive and negative bankruptcy determinants, respectively. In particular, bank ownership is identified as a positive factor for chaebol firms and a negative factor for non-chaebol firms. These outcomes suggest that ownership concentration and bank ownership are likely to play a monitoring role in lowering bankruptcy risk for non-chaebol firms. Outcomes from more elaborate estimations also suggest that overall, bank ownership enhances the monitoring role as a substitute for low foreign ownership.","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":null,"pages":null},"PeriodicalIF":1.3,"publicationDate":"2020-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/asej.12218","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46020367","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 6

Access to Antenatal Care in Laos: Analysis Using National Level Survey* 老挝产前保健的可及性:使用国家层面调查的分析*

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-11-27 DOI: 10.1111/asej.12220

Phanhpakit Onphanhdala, Vanvisa Philavong, Yoshihiko Kadoya, Mostafa S. Rahim Khan

引用次数: 2

Indonesian Living Standards over 50 Years: A Multidimensional Analysis 印尼50年来的生活水平:多维分析

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-11-27 DOI: 10.1111/asej.12221

Hal Hill

引用次数: 1

Determinants of Labor Force Participation and Wages in Thailand: What is the Role of the Informal Sector?* 泰国劳动力参与和工资的决定因素:非正规部门的作用是什么?＊

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-11-27 DOI: 10.1111/asej.12219

Nalitra Thaiprasert, Supanika Leurcharusmee, Peerapat Jatukannyaprateep, Jirakom Sirisrisakulchai

{"title":"Determinants of Labor Force Participation and Wages in Thailand: What is the Role of the Informal Sector?*","authors":"Nalitra Thaiprasert, Supanika Leurcharusmee, Peerapat Jatukannyaprateep, Jirakom Sirisrisakulchai","doi":"10.1111/asej.12219","DOIUrl":"10.1111/asej.12219","url":null,"abstract":"There has been a perennial debate on why the informal economy exists and grows in developing countries around the world. The present study focuses on the case of Thailand, one of the countries with the highest share of informal activities, to clarify whether its informal workers participate in the informal sector voluntarily or involuntarily. The confirmation matters for the design of government policies and public welfare. We separated the study into two levels. First, at the national level, we used the finite mixture model to examine the 2010 Population and Housing Census and estimate the wage equations for formal, voluntary informal and involuntary informal workers. Second, we focused on a local area for the case of Chiang Mai city, where we surveyed a sample of 393 informal business owners to understand their decision to participate in the informal sector. From both levels of study, we found heterogeneity among the informal workers, who could be classified into voluntary and involuntary groups. While those in the voluntary group stay in the informal sector because workers prefer time flexibility, those in the involuntary group stay because of family burdens. Both levels of data also showed that the Thai informal sector is dominated by the voluntary group (>70 percent).","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":null,"pages":null},"PeriodicalIF":1.3,"publicationDate":"2020-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/asej.12219","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42159134","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Gender Difference in Returns to Education Independent of Gender Wage Gap in Korea* 韩国教育回报的性别差异与性别工资差距无关*

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-08-11 DOI: 10.1111/asej.12209

Jaeram Lee, Jungjoon Ihm

{"title":"Gender Difference in Returns to Education Independent of Gender Wage Gap in Korea*","authors":"Jaeram Lee, Jungjoon Ihm","doi":"10.1111/asej.12209","DOIUrl":"10.1111/asej.12209","url":null,"abstract":"This study examined the difference between male and female groups’ return on investment (ROI) in education independent of the average gender wage gap. Women’s additional ROI in education was significant and positively estimated. Furthermore, the ROI in women’s education was consistently higher than that in men regardless of educational stage, except for graduate education. These gender differences were greater in the younger generation than in the older generation and have decreased significantly in the recent ten years in high school education. Although the additional ROI in women’s education was positive in the field of culture and arts, education’s effect on wage increases in professional occupations was less than in men, especially in the fields of law and medicine. In addition, we show that gender differences in ROI in education were countercyclical. A base effect, large wage declines for low-educated women during recessions, could explain this phenomenon. However, coinciding with the existence of positive cash flow news in the stock market that promises good business performance, a significant wage increase among highly educated women was found.","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":null,"pages":null},"PeriodicalIF":1.3,"publicationDate":"2020-08-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/asej.12209","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48828448","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 6

Economic Effect of Zoning Regulations on Korea's Small and Medium-Sized Retailers* 区域管制对韩国中小零售商的经济影响*

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-08-11 DOI: 10.1111/asej.12208

Hahn Shik Lee, Jinhwa Chung, Woohyoung Kim

{"title":"Economic Effect of Zoning Regulations on Korea's Small and Medium-Sized Retailers*","authors":"Hahn Shik Lee, Jinhwa Chung, Woohyoung Kim","doi":"10.1111/asej.12208","DOIUrl":"10.1111/asej.12208","url":null,"abstract":"In this paper, we investigated the economic effects of zoning regulations on the retail industry in Korea. We estimated the changes in the number of sales for retail stores using a panel regression analysis for stores in traditional markets. This analysis was conducted to examine the benefit of zoning regulations on retail stores. Our results show that the zoning regulations (called Traditional Commercial Activity Protection Zones) have contributed to an improvement in the actual business performance of small independent retailers. We found that the amount of sales for each store clearly increased on average in the areas designated as Traditional Commercial Activity Protection Zones where there was no market entry of mega supermarket chains (called SSM in Korea). We also present evidence that the effects of this policy differ geographically: the effects were stronger for small and medium cities than for large metropolitan cities. These results suggest that zoning regulations enacted by the government to protect traditional markets and small retailers should also consider regional differences when assessing policy effectiveness.","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":null,"pages":null},"PeriodicalIF":1.3,"publicationDate":"2020-08-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/asej.12208","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42954329","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Private Equity Characteristics, Corporate Governance and Firm Value: Empirical Evidence from Small and Medium-sized Enterprises* 私募股权特征、公司治理与企业价值:来自中小企业的经验证据*

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-08-11 DOI: 10.1111/asej.12207

Li Jiujin, Rakesh Gupta, Li Haihong, Shao Qiang

引用次数: 1

Fiscal Sustainability of Local Governments in Japan† 日本地方政府财政可持续性研究*

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-08-11 DOI: 10.1111/asej.12210

Motonori Yoshida

引用次数: 3

Professor Yasuhiko Torii: An Obituary 鸟井康彦教授:讣告

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-08-11 DOI: 10.1111/asej.12215

Yutaka Akiyama, Hal Hill, Shin-ichi Ichimura, Akira Kohsaka, Shujiro Urata

引用次数: 0