JED
  • Home

  • |
  • Announcement

  • |
  • Event

  • |
  • Contact Us

  • Editorial Board

    • Editor-in-Chief
    • Editorial Team
  • Policies & Guidelines

    • Journal Information
    • Guidelines for Authors
    • Guidelines for Reviewers
    • Publication Ethics
  • Online Submission

    • Authors
    • Reviewers
    • Editors
  • Archives

    • Current Issue
    • All Issues
    • Search for Articles
  • Indexing & Abstracting

    • Scopus
    • Web of Science ESCI
    • Asean Citation Index
    • Google Scholar
    • V-CitationGate
    • Crossref
    • DOAJ
    • Cabell's Directories
    • EBSCO Discovery Service
    • ROAD
    • Summons (ProQuest)
    • WorldCat
    • ProQuest Central
    • EconLit

The current issue

Volume 27, Number 1, 2025
Volume 27, Number 1, 2025
Search for Articles
Home / Archives / All Issues / Volume 20, Number 3, December 2018
Volume 20, Number 3, December 2018 << Back
JED, Vol. 20, No.3, December 2018, pp. 5-19 | DOI: 10.33301/JED-P-2018-20-03-01

What Causes Financial Crisis in Asian Countries?

Vo Thi Thuy Anh; Ha Xuan Thuy; Bui Phan Nha Khanh

Abstract:In this paper, we investigate the indicators of financial crisis in Asian countries, focusing more on the impact of corporate governance. Unlike the previous studies such as Johnson et al. (2000) and Acemoglu et al. (2003) that use some fixed measures of corporate governance based on the law in force in a specific year—such as the anti-director right index (ADRI) or the anti-self dealing index (ASDI)—we employ the annual Worldwide Governance Index (WGIs) and the Quality of Governance Index. The regression results, which use the data of 19 Asian countries from 1996 to 2015, and control for country fixed effect and the business cycle, show that the macroeconomic factors appear to have no effect, or a minor effect, on currency depreciation. However, better corporate governance reduces the decline in currency value.

Keywords:Financial crisis; corporate governance; Asian countries; legal system
Download full text:  

Other articles

  • Revenue Diversification and Total Assets in Commercial Banks: Evidence from Selected Asean Countries

    Nguyen Minh Sang; Thai Thi Thuy Linh

     
  • The Determinants of Equitization Success of State-Owned Enterprises in Vietnam

    Cao Dinh Kien; Nguyen Thu Thuy

     
  • A Study on Optimal Capital Structure of Vietnamese Real Estate Listed Firms

    Dao Thi Thanh Binh; Lai Hoai Phuong

     
  • Determinants of Firm Growth: Evidence from Vietnamese Small and Medium Sized Manufacturing Enterprises

    Nguyen Thu Hang; Khuu Thanh Quy; Nguyen Ngoc Dieu Le

     
#1406 Building A1, National Economics University, 207 Giai Phong, Hanoi
Tel: +84 (0) 24. 36280280 - Ext: 6407 | Email: submission@ktpt.edu.vn
Publishing License: 159/GP-BTTTT dated 08 May 2023
Copyright © Journal of Economics & Development. All rights reserved