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Bank Loans and Trade Credit Under China's Financial Repression

Du, Julan - 2009

China has maintained a financial system with favorable treatments toward state-owned enterprises. Albeit having been … denied access to formal financing such as bank loans, China's non-state firms have grown rather fast. China's experience has …

Persistent link: https://www.econbiz.de/10013155248

Honor Thy Creditors Beforan Thy Shareholders : Are the Profits of Chinese State-Owned Enterprises Real?

Ferri, Giovanni - 2009

sample of corporate China, we find that the costs of financing for SOEs are significantly lower than for other companies …

Persistent link: https://www.econbiz.de/10013159321

A Contest of Payment Contracts : A Structural Analysis on How Chinese Home Appliance Firms Coped with Default Risk of Trade Credit

Watanabe, Mariko - 2018

During the transition period from a planned economy to a market economy in the 1990s of China, there was a considerable …

Persistent link: https://www.econbiz.de/10012937447

Debt Maturity and the Effects of Growth Opportunities and Liquidity Risk on Leverage : Evidence from Chinese Listed Companies

Vijayakumaran, Sunitha - 2019

Research on capital structure has broadened its scope from a single capital structure decision (the debt/equity choice) to various attributes of the debt in firms' capital structure. This study examines the effects of growth opportunities, debt maturity and liquidity risk on leverage, making use...

Persistent link: https://www.econbiz.de/10012867334

Corporate Governance and Capital Structure Decisions : Evidence from Chinese Listed Companies

Vijayakumaran, Sunitha - 2019

This study examines the impact of corporate governance on capital structure decisions based on a large panel of Chinese listed firms. Using the system Generalized Method of Moments (GMM) estimator to control for unobserved heterogeneity, endogeneity and persistency in capital structure...

Persistent link: https://www.econbiz.de/10012867625

Financial Liberalization and Growth in China's Economic Reform

Li, Kui-Wai - 2015

This paper examines the various sources of finance in promoting growth in post-reform China …

Persistent link: https://www.econbiz.de/10013011154

A Taste for Dim Sum : Analysing the Financial Diffusion in the New Offshore Renminbi Debt Securities Market

Fong, Tom - 2018

credit default swaps that offered pure trading in credit risk. Now new renminbi financial products are emerging as China … stability and sustainable growth in China. This study illustrates the rapid growth in the use of these new products by Chinese …

Persistent link: https://www.econbiz.de/10012917912

State-owned firms behind China’s corporate debt

Molnár, Margit; Lu, Jiangyuan - 2019

While China’s overall debt-to-GDP ratio is not particularly high, its non-financial corporate debt relative to GDP is …

Persistent link: https://www.econbiz.de/10011998473

Financing development, financing constraint and R&D investment of strategic emerging industries in China

Xu, Ke; Geng, Chengxuan; Wei, Xiaoshu; Jiang, Huifeng - In: Journal of business economics and management 21 (2020) 4, pp. 1010-1034

establishment. In order to achieve the 13th Five-year Plan target of strategic emerging industries in China, the government and …

Persistent link: https://www.econbiz.de/10012270616

An inverse problem study : credit risk ratings as a determinant of corporate governance and capital structure in emerging markets : evidence from Chinese listed companies

Kang, ManYing; Ausloos, Marcel - In: Economies : open access journal 5 (2017) 4, pp. 1-23

Credit risk rating is shown to be a relevant determinant in order to estimate good corporate governance and to self-optimize capital structure. The conclusion is argued from a study on a selected (and justified) sample of (182) companies listed on the Shanghai Stock Exchange (SHSE) and the...

Persistent link: https://www.econbiz.de/10011778650