Shen, Yan; Shen, Minggao; Xu, Zhong; Bai, Ying - In: World Development 37 (2009) 4, pp. 800-811
Summary Using panel data collected in 2005, we evaluate how bank size, discretion over credit, incentive schemes, competition, and the institutional environment affect lending to small- and medium-sized enterprises in China. We deal with the endogeneity problem using instrumental variables, and...