investigation in China. On the basis of the data from 1481 Chinese companies listed in Shanghai, Shenzhen or New York, it is found … nearly 20% are controlled by families. The average degree of ownership concentration in China is more than 30%, which is … evidence in China shows that the companies listed abroad are more concentrated than those listed only inland. The investigation …

theory of enterprises in China. Based on this, research hypothesis is put forward. Capital structure has positive correlation …

could miss its appropriate settings by as much as 4% p.a. Also, shocks to banking productivity or collateral effectiveness …

provide collateral or a guarantor. …

firms of unobserved credit quality when firms pledge collateral to secure the loans. Loan data from the Spanish Credit … concentration (which is shown to be positively correlated with market power) and with the availability of collateral, although the … increase with the availability of collateral, but the increase is lower for banks operating in more concentrated credit markets …

grants a loan and the location of the borrower) on the use of collateral for business loans by Spanish banks on the basis of … the recent lender based theory of collateral (Inderst and Mueller (2007)). We find that, for the average borrower, the use … of collateral is higher for loans granted by local lenders than by distant ones. We also show that the difference in the …

rentseeking opportunities. Using a new loan-level database for China, we find that collateral incidence increases with … is the first to investigate the determinants of collateral for China using loan-level data … erosionan las oportunidades de búsqueda de rentas. Utilizando una nueva base de datos de préstamos individuales de China …