Indonesia's Financial Liberalization : : An Empirical Analysis of 1981-88 Panel Data / / Miranda S. Goeltom.

• Superior document: Title is part of eBook package: De Gruyter Asian Studies Archive (pre 2000) eBook Package
• VerfasserIn: S. Goeltom, Miranda,
• Place / Publishing House: Singapore : : ISEAS Publishing, , [1995]; ©1995
• Year of Publication: 1995
• Language: English
• Physical Description: 1 online resource (96 p.)
• Other title: Frontmatter --; Contents --; List of Tables --; Acknowledgements --; 1. Macro-Economic and Policy Developments in Indonesia --; 2. Effects of the Financial Reform on Manufacturing Establishments --; 3. Econometric Evidence of the Effects of the Financial Reform on Capital Structure and Investment Choices --; 4. Efficiency and Credit Allocation --; 5. Conclusions and Recommendations --; Appendices --; Bibliography --; THE AUTHOR
• Format: Mode of access: Internet via World Wide Web.
• ISBN: 9789814379151; 9783110649680; 9783110606690
• DOI: 10.1355/9789814379151
• Access: restricted access
• Hierarchical level: Monograph
• Statement of Responsibility: Miranda S. Goeltom.

Using 1981-99 panel data on Indonesian manufacturing establishments and a survey of 2000 top business in Indonesia, Indonesia's Financial Liberalization analyses the consequences of financial liberalization on investment and allocation of credit, noting differential effects depending on size of firms, organizational form, and other categorizations. Using rigorous econometric tools, the conclusion derived is that although financial liberalization has increased borrowing costs, particularly for smaller firms, it has widened access to finance. The move from administrative-based to market-based allocation of credit has increased credit flow to firms that are more efficient, and these firms consequently have a higher concentration of investment.