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|z 9781451930153
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|a Woodruff, Charles.
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|a Managing Corporate Distress in the Philippines :
|b Some Policy Recommendations /
|c Charles Woodruff, G. Lim.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1998.
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|a 1 online resource (27 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a While not widespread, the Philippine corporate sector is showing some signs of stress. The paper reviews the exposure of banks to distressed corporate borrowers, the ownership structure of the corporate sector, including the interlocking relationship of corporations and banks, and the legal framework in place for the resolution of debts of distressed companies and the protection of creditor rights. It recommends that immediate measures be taken to improve transparency and regulatory oversight, and to quickly resolve the debts of distressed companies by strengthening the policy framework and institutional capacity for suspension of debt payments by the Securities and Exchange Commission.
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|a Mode of access: Internet
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|a Lim, G.
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|a IMF Working Papers; Working Paper ;
|v No. 1998/138
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1998/138/001.1998.issue-138-en.xml
|z IMF e-Library
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