Beck, Thorsten; Lu, Liping; Yang, Rudai - In: World Development 67 (2015) C, pp. 38-56
informal finance, especially financing from friends and family, is positively associated with sales growth of microenterprises … firm growth. Our findings underline the importance of finance for entrepreneurship and microenterprise growth, and the role …Using a survey dataset of Chinese rural households, we find that access to external finance is positively associated …