We examine investment behavior among exchange-listed Korean manufacturing firms before and following the 1997 financial meltdown using firm-level -panel data. Starting with the standard Q-theory of investment, we augment it by enabling a sales accelerator and the likelihood of cash constraints, categorizing companies based on their age, size, and affiliation to a commercial conglomerate (i.e., chaebol). We find that Tobin’s Q is a solid determinant of investment in a pooled sample for 1992-2001, but it became more important for small firms and less very important to chaebol-affiliated firms following the crisis. Investment by chaebol firms also became more delicate to the availability of internal cash amounts after the turmoil.
See also Highsmith v. Dept. of Public Aid, 345 Ill. App.3d 774 (2d Dist. Society of Lloyd’s v. Collins, 284 F.3d 727 (7th Cir. Property or funds in custodia legis, in the guardianship of the statutory law, are not at the mercy of garnishment. Collosseo v. Lynn, 410 N.E.2d 577 (2nd Dist. Funds which the common sense debtor’s agent holds in trust for an authorized are not subject to garnishment. Baird v. Senne, 300 N.E.
2d 554 (1st Dist. Beneficial or equitable estates or passions aren’t subject to garnishment. Citizens National Bank of Chicago v. Grossman, 21 Ill. App. 2d 573 (1st Dist. A safe deposit box’s material is at the mercy of garnishment. Morris v. Beatty, 55 N.E.2d 830 (1st Dist. Iser Electric Co. v. Ingram Construction Co., 48 Ill.
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App. 3d 110 (2d Dist. A judgment-creditor can garnish an insurance company that has proceeds of an insurance plan of the judgment-debtor. In Roth v. Kaptowsky, 401 Ill. 100 regular to a judgment-debtor as proceeds of a full life insurance policy. The garnishment was allowed with the Supreme Court of the monthly premiums, so the insurance proceeds were thereafter paid monthly to the judgment-creditor. The garnishment action is totally dependent on the validity of the underlying judgment.
If the courtroom that inserted the underlying common sense lacked jurisdiction to do so, the common sense is void and could be attacked anytime or in any courtroom. In which a judgment has been vacated (e.g. pursuant to 735 ILCS 5/2-1301 and 2-1401), no garnishment may move forward. Genden v. Bailey, 275 Ill. App. 382 (1st Dist. A dormant view shall not support a garnishment action. Ring v. Palmer, 32 N.E.2d 956 (4th Dist.
With certain exceptions, a judgment becomes dormant after 7 years. If the fundamental wisdom has been satisfied, no garnishment action may move forward. Cerone v. Clark, 110 Ill. App. 2d 301, 249 N.E.2d 186 (1st Dist. Within a garnishment proceeding the courtroom may examine whether the underlying view was void for insufficient jurisdiction or whether it has been satisfied; but the court may not consider a defense that was raised in the trial court never. Security State Bank of Hamilton v. Kimball, 319 Ill. App. 3d 635 (5th Dist. Formal pleadings might not be necessary to raise defenses in garnishment actions. Chertack v. Santangelo, 6 Ill.