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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 …
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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/10012974635
, likely the engine for innovation in the coming years in China, are especially financially constrained, due perhaps to the …-the-big-and-letting-go-the-small' privatization program in China. Our empirical results suggest that government connections play an important role in explaining … Chinese firms' financing conditions, and provide further evidence on the nature of the misallocation of credit by China …
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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...
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contributor to China's explosive growth. …
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