This paper investigates the effectiveness of market discipline by depositors during the period of 1992-2002 in the four crisis-hit Asian countries: Indonesia, Korea, Malaysia and Thailand. In Indonesia, the crises first weakened and then strengthened market, which is consistent with the wake-up-call effect found for the Latin American crisis-hit countries....
This paper critically examines the Greenspan-Summers-IMF thesis concerning the Asian crisis, which suggested that the fundamental causes of the Asian crisis lay in the microeconomic behavior of economic agents in these societies - in the Asian way of doing business. The paper concentrates on corporate governance and competition in emerging...
A crisis for the purposes of this response plan is an emotionally significant event that threatens the well-being of one or more individuals or the university as a whole. It may include an abduction/hostage situation, accidental death, civil disturbance/riot, suicide, threat of danger, or violent crime. The university has established...
The year 2002 was a year in which individual companies suffered catastrophic crises, but it was also a year in which American business as a whole suffered a chronic crisis, as constituents—shareholders, employees, regulators, the public at large—began to question whether the entire American corporate system was hopelessly corrupt. Certainly,...
Risk and uncertainty are part of the everyday operating environment for all organisations. Occasionally the risks may be sufficient to generate a crisis which if left unattended can become a disaster. The key person in an organisation who is often charged with the responsibility of recovering the supporting services that...
The pace of change impacting practice managers has never been greater. From consolidations, mergers, and acquisitions to re-engineering profit centers, managers are faced with what often appears to be "crisis" situations. And with crisis comes the fact that staff often experience anxiety, the off-shoot of fear. This article offers practical...
Attitude is key when facing business crisis. This article discusses several tips for business owners facing a crisis. Some of these include: Having good insurance, including coverage for business interruption, have a strong staff, have a plan, be flexible etc. All these have been discussed in detail. Thus, a good...
Shortly after the 9/11/01 terrorist attacks on the United States, DC-area MIMListers met to discuss response to the events and how they could better protect meetings, guests, and property. These notes have some suggestions. The purpose of these meetings was to create a plan on crisis management pertaining to terrorism...
The article underlines the fact that having a media strategy in place helps one handle a crisis more effectively. With it one can communicate the information one wants in the way he wants. It suggests that the first step in any crisis is to report the incident to the insurance...
A crisis is an unstable situation that involves dangerous and destructive circumstances. Business Continuity Planning BCP is a comprehensive action-plan evolved by an organization that enables the organization to continue with its routine business operations, even in the face of a crisis. The paper examines the relevance of BCP and...
From the executive summary: ‘Some problems that law firms face regularly, especially in weak economic times, are so poorly managed that they do more damage than they should: layoffs, firings of partners, scandalous e-mails that become public, the departure of a high-profile lawyer or practice group, or a sexual harassment...
In placing capital market imperfections at the center of emerging market crises, the theoretical literature has associated a liquidity crisis with low foreign investment and the exit of investors from the crisis economy. However, a liquidity crisis is equally consistent with an inflow of foreign capital in the form of...
A crisis often brings death to individuals and destruction to properties and businesses. However, in times of crisis, there are certain hands that come forward and contribute in mitigating the sufferings caused due to the crises. On September 11, 2001, a crisis of immense magnitude followed the terrorist attack on...
A crisis can cause havoc on individuals and business organizations. Re-building a business from scratch after a crisis requires lot of patience and will-power. On September 11, 2001, a crisis of immense magnitude followed the terrorist attack on World Trade Center at New York. The paper examines the efforts of...
From the executive summary: ‘Teamwork is essential to successfully addressing the challenges of a crisis and being able to emerge with the least overall damage to a company's reputation and other assets. In fact, most of the traditional crisis literature stresses the importance of identifying and training teams and conducting...
The way the University of Louisville communicates in a crisis has a lasting impact on its reputation. As a publicly assisted institution, the University of Louisville is obliged to keep the public informed of its activities. Invariably, the news media act as powerful agents in this process. How well the...
Before the crisis, small businesses "could almost secure a loan by saying, 'Hey, I need money,'" said Candace Daly, Utah director of the National Federation of Independent Business. Now, securing money to purchase products in advance of a project is taking longer to do, putting a strain...
TOKYO AFP — Japanese auto giant Toyota Motor Corp. is planning to downgrade its earnings forecasts for the year to March 2009 amid the global financial turmoil, according to reports. Toyota's operating profit for the year to March is expected to tumble around 40 percent from the previous...
Business continuity poll shows readiness gap at 20 percent of companies MAYNARD, Mass., Oct. 7 /PRNewswire/ -- Twenty percent of organizations with business continuity plans have no idea if they will actually work in a crisis because they've never tested the plans, according to a Stratus Technologies...
AUSTIN, Texas -- For executives whose companies are impacted by the current financial crisis and market downturn, there is a great urgency to finding greater efficiencies, better information to make business decisions, and lower costs across the entire company. For many small- and mid-sized businesses, cutting costs is imperative to...
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