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Does "Good Government" Draw Foreign Capital? Explaining China's Exceptional Foreign Direct Investment Inflow

Fan, Joseph P. H.; Morck, Randall; Xu, Lixin Colin - 2012

China is now the world's largest destination of foreign direct investment (FDI), despite assessments highlighting its … institutional deficiencies. But this FDI inflow corresponds closely to predicted FDI flows into China from a model that predicts FDI …-institution countries. The only real discrepancy is that, if government quality is measured by constraints on executive power, China …

Persistent link: https://www.econbiz.de/10012552655

Institutions and Foreign Investment : China versus the World

Fan, Joseph P.H. - 2007

Weak institutions ought to deter foreign direction investment (FDI), and mass media stories highlight China …'s institutional deficiencies, yet China is now one of the world's largest FDI destinations. This incongruity characterizes China …'s paradoxical growth. Cross-country regressions show that China's FDI inflow is not exceptionally large, given the quality of its …

Persistent link: https://www.econbiz.de/10012465214

Formal Finance and Trade Credit During China's Transition

Cull, Robert; Xu, Lixin Colin; Zhu, Tian - 2012

Using a large panel dataset of Chinese industrial firms, the authors examine the determinants of access to loans from formal financial intermediaries and extension of trade credit. Poorly performing state-owned enterprises were more likely to redistribute credit to firms with less privileged...

Persistent link: https://www.econbiz.de/10012552653

Local Elections and Consumption Insurance : Evidence from Chinese Villages

Gan, Li; Xu, Lixin Colin; Yao, Yang - 2012

While the literature on consumption insurance is growing fast, little research has been conducted on how rural consumption insurance is affected by democracy. In this paper the authors examine how consumption insurance of Chinese rural residents is affected if the local leader is democratically...

Persistent link: https://www.econbiz.de/10012552654

Market Facilitation by Local Government and Firm Efficiency : Evidence from China

Cull, Robert; Xu, Lixin Colin; Yang, Xi - 2014

This paper uses data from a large survey of Chinese firms to investigate whether local government efforts to facilitate market development improve firm efficiency. Both government provision of information about products, markets, and innovation and government assistance in arranging loans are...

Persistent link: https://www.econbiz.de/10012560796

Health Shocks, Village Elections, and Long-Term Income : Evidence from Rural China

Gan, Li - 2006

Using a sample of households in 48 Chinese villages for the period 1986-2002, this paper studies the dynamic effects of major health shocks on household income and the role played by village elections in mitigating these effects. Our results show that in the first 15 years after a shock, a...

Persistent link: https://www.econbiz.de/10012465975

Eat, Drink, Firms and Government : An Investigation of Corruption from Entertainment and Travel Costs of Chinese Firms

Cai, Hongbin - 2005

Entertainment and Travel Costs (ETC) is a standard expenditure item for Chinese firms with an annual amount equal to about 20 percent of total wage bills. We use this objective accounting measure as a basis to analyze the composition of ETC and the effect of ETC on firm performance. We rely on...

Persistent link: https://www.econbiz.de/10012467085

Government Connections and Financial Constraints : Evidence from a Large Representative Sample of Chinese Firms

Cull, Robert; Li, Wei; Sun, Bo - 2013

resources after the "grabbing-the-big-and-letting-go-the-small" privatization program in China. Firms with government … behavior and financing conditions, and provide further evidence on the nature of the misallocation of credit by China …

Persistent link: https://www.econbiz.de/10012558107