Beck, Thorsten; Lu, Liping; Yang, Rudai - In: World Development 67 (2015) C, pp. 38-56
Using a survey dataset of Chinese rural households, we find that access to external finance is positively associated … informal finance, especially financing from friends and family, is positively associated with sales growth of microenterprises … with employees, but not of self-employed. We do not find any significant relationship between the use of formal finance and …