IDEAS home Printed from https://ideas.repec.org/p/ccp/wpaper/wp06-02.html
   My bibliography  Save this paper

Collective Relationship Banking and Private Information Monitoring in Korea

Author

Listed:
  • Yoonhee Tina Chang

    (School of Management, University of Bath)

Abstract

The structure of conglomerates embedded in the strong vertical ownership network in East Asia was believed to be a driving force for the economic success but was also blamed for the recent financial crisis in Asia given the fallacy - too big to collapse. This paper introduces a notion of collective relationship banking (CRB) as a mechanism for monitoring private information and investigates the likelihood of such a banking relationship when the borrowing firms have heterogenous vertical ownership structure using a Korean firm level panel dataset. Policy concerns are then addressed since the post-crisis corporate restructuring may create a more concentrated banking relationship with a few dominant banks.

Suggested Citation

  • Yoonhee Tina Chang, 2005. "Collective Relationship Banking and Private Information Monitoring in Korea," Working Papers 06-2, Centre for Competition Policy, University of East Anglia.
    • Handle: RePEc:ccp:wpaper:wp06-02
    as

    Download full text from publisher

    File URL: http://www.ccp.uea.ac.uk/publicfiles/workingpapers/CCP06-2.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Achmad Tohirin & Mohd Adib Ismail, 2016. "Financial constraints and Islamic finance: Lesson learned from external financing perspective," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 8(2), pages 98-108, April.

    More about this item

    Keywords

    Collective relationship banking; vertical ownership; information monitoring; relation-based governance;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L59 - Industrial Organization - - Regulation and Industrial Policy - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ccp:wpaper:wp06-02. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cheryl Whittkaer (email available below). General contact details of provider: https://edirc.repec.org/data/ccueauk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.