1.

Record Nr.

UNINA9910813063903321

Titolo

Fiscal frameworks and financial systems in East Asia : how much do they matter? / / Wendy Dobson, editor

Pubbl/distr/stampa

Toronto, Ontario ; ; Buffalo, [New York] ; ; London, [England] : , : University of Toronto Press, , [1998]

©[1998]

ISBN

1-4426-3830-3

1-281-99572-X

9786611995720

1-4426-7490-3

Descrizione fisica

1 online resource (199 p.)

Collana

Hongkong Bank of Canada Papers on Asia ; ; Volume 4

Disciplina

332.042095

Soggetti

Finance - East Asia

Taxation - East Asia

Financial crises - East Asia

Electronic books.

East Asia Economic conditions

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

""Contents""; ""Preface""; ""Fiscal frameworks, financial systems and the Asian crisis""; ""The Asian crisis""; ""Implications for Canadian business in the crisis context""; ""The fiscal framework for business in Asia""; ""Fiscal developments in Asia""; ""Tax effects on investment and production decisions""; ""Implications of the analysis""; ""Appendix�Information used in METR analysis""; ""Annex A�An outline of relevant Canadian tax provisions""; ""How much does finance matter in East Asia?""; ""Economic growth theory""; ""Financial systems and economic growth""

""An analysis of East Asian financial systems""""Conclusions and lessons for international investors""; ""Annex A�Growth theories and the East Asian economies""; ""Annex B�Country profiles""; ""About the authors""; ""Institute for International Business""

Sommario/riassunto

This volume addresses the two key financing constraints that firms



must face: taxation and finance. The taxation analysis focuses on how tax systems in selected Asian economies affect growth and the relative competitiveness of foreign and domestic enterprises. It outlines key features of the systems and provides a set of guidelines for potential foreign investors as to how these systems compare with each other (and with those in Canada and the United States) and predict future developments (including financial innovation and the internet).The study of financial frameworks focuses on corporate finance and analyzes the relationship between financing patterns and the level of development of securities markets and financial liberalization in the region. It focuses on the issue of how firms finance investments and the extent to which they depend on retained earnings and funding obtained through the market.Both studies include Japan, China, Hong Kong, Taiwan, Singapore, Korea, Indonesia, Malaysia, Thailand and Philippines. Both also consider the implications of taxation for savings and investment flows in domestic economies and across borders-and the implications of public sector demand for savings for corporate financing constraints.