bank credit. We find that foreign banks and policy banks exercise "financial discrimination," and that local commercial … of bank credit. Our findings also have practical implications for solving the financing difficulties of non …Using the context of the financial reform and the development of the non-state sector in China in the past decade, we …

We study the impact of covenant violations on credit access for privately-held and publicly-traded firms, using a rich …. Hence, private firms, especially those with assets below $1 billion, experience more severe credit cuts than comparable … public firms after violations. We find that collateral plays an important role in alleviating credit rationing for private …