Author : Akiko Terada-Hagiwara
Publisher :
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.29/5 ( download)
Book Synopsis Experience of Asian Asset Management Companies by : Akiko Terada-Hagiwara
Download or read book Experience of Asian Asset Management Companies written by Akiko Terada-Hagiwara and published by . This book was released on 2010 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the performances of Asian asset management companies (AMCs). The analysis reveals that AMCs vary in their design and performance. Asset management companies can trigger moral hazard-inspired bank lending. Empirical examination of the Thai experience reveals that the moral hazard-inspired bank lending resulted in creating more new NPLs in the case of public asset management companies. Alternatively, the centralized Thai Asset Management Company (TAMC) decreases the new NPL ratio, suggesting that TAMC provokes no adverse moral hazard effect on financial institutions. The paper also finds that the same institutional consideration significantly decreases new NPL in foreign banks and finance companies.