Title: Financial Credit Constraints in China: firm-level Evidence
Authors: Poncet, Sandra ×
Vandenbussche, Hylke
Steingress, Walter #
Issue Date: 2010
Publisher: The Financial Times Limited (AAIW)
Series Title: China Economic Review vol:21 issue:3 pages:411-422
Abstract: Using a unique micro-level data set over the period 1998-2005 on Chinese firms, this paper presents empirical findings on the presence of credit constraints. Our findings are threefold. Firstly, private Chinese firms are credit constrained while state-owned firms and foreign-owned firms in China are not; Secondly, the geographical and sectoral presence of foreign capital alleviates credit constraints faced by private Chinese firms. Thirdly, geographical and sectoral presence of state firms aggravates financial constraints for private Chinese firms ("crowding out").
ISSN: 1043-951X
Publication status: published
KU Leuven publication type: IT
Appears in Collections:LICOS - Centre for Institutions and Economic Performance, Leuven
× corresponding author
# (joint) last author

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