Projects

Corporate Reorganization and Revitalization in Asia Project

Reform of Corporate Governance, Corporate Rehabilitations in East Asia and its Lessons for China

  • Date and Time: November 19, 2005; 9:30-18:00
  • Venue: ROOM 1119, 1121 RIETI
    11th floor, Annex, Ministry of Economy, Trade and Industry (METI)
    1-3-1, Kasumigaseki Chiyoda-ku, Tokyo, 100-8901
  • Language: English
  • Charge: Free
  • Host: Research Institute of Economy, Trade and Industry (RIETI)

Research results of this project will be published, some in the form of a RIETI discussion paper or commission paper preliminary to a discussion paper.

Overview

Agenda

9:00 - 9:15 Opening address

XU, Peng (RIETI and Hosei University)

9:15 - 12:15 Session 1: Ownership Concentration in East Asia: Emergence, Evolution and Expropriation

Chair: Prof. Juro Teranishi (Hitotsubashi University)

"Why Does Corporate Governance Matter to Firm Value? Expropriation or Information?"
Kee-Hong Bae (Queen's School of Business, Queen's University, Canada)
*Jae-Seung Baek (Hankuk University of Foreign Studies, Korea)
Jun-Koo Kang (The Eli Broad College of Business, Michigan State University)

"The Emergence of Corporate Pyramids in China"
Joseph P.H. Fan (The Chinese University of Hong Kong)
T.J. Wong (The Chinese University of Hong Kong)
*Tianyu Zhang (The Chinese University of Hong Kong)

"Tycoons Turned Leaders: What are the Incentives of holding Public Office?"
Pramuan Bunkanwanichay (University of Paris 1-Pantheon-Sorbonne)
*Yupana Wiwattanakantang (Hitotsubashi University)

Discussants:
Hideaki Miyajima (Waseda University)
Mariko Watanabe (IDE)
Fumiharu Mieno (Kobe University)

12:15 - 13:15 Lunch Time

13:15 - 15:15 Session 2: Corporate Restructuring, Banking System and Foreign Capital

Chair: Prof. Hideaki Miyajima (Waseda University)

"Thai Business Groups: Crisis and Restructuring"
*Piruna Polsiri (Dhurakijpundit Univeristy)
Yupana Wiwattanakantang (Hitotsubashi University)

"Effects of foreign capital entry into the banking industry on the domestic economy"
*Jong Ku Kang (Bank of Korea)

Discussant
Yasuhiro Arikawa (Waseda University)
Kaoru Hosono (Gakushuin Univeristy)

15:15 - 15:30 Coffee break

15:30 - 18:30 Session 3: Do owners of Insolvent Firms Lose Their Ownership and Controls?

Chair: Prof. Shoichi Tagashira (Sophia University)

"Changes in Insolvency practice, restructuring of ailing firms and risk management after the economic crisis: the Korea case"
*Soogeun Oh (Ewha Womans University, Korea)

"Thailand Corporate Restructuring and Pre- and Post-Crisis Ownership and Control"
*Vongvipanond Pairoj (Dhurakijpundit Univeristy)
*Wichitaksorn Nuttanan (TDRI an Dhurakijpundit Univeristy)

"Distress of Small and Medium-sized Enterprises and Role of Credit Guarantee Scheme in Restructuring: the Case of Korea"
*Dongsoo Kang (KDI)

Discussant
Piruna Polsiri (Dhurakijpundit Univeristy)
Simio Hirose (Shinshu University)
Arito, Ono (Senior Economist, Mizuho Research Institute)

18:30 - 18:45 Quick wrap-up and Conclusion Remarks

18:45 - 21:00 Reception at RIETI