This paper studies the impact of foreign bank entry on domestic firms' access to bank credit using a within …-country staggered geographic variation in the policy of foreign bank lending in China. The paper finds that after foreign bank entry … that non-state-owned firms become able to substitute some trade credit with long-term bank loans. The findings suggest that …

The paper investigates the relationship between bank credit lines and firms' overinvestment for Chinese listed … companies from 2001 to 2008. We find significant impacts of bank credit lines on firm overinvestment activities. Further, we … access to bank credit lines with cheaper cost than private-owned firms, and therefore are more likely to overinvest. The …

difference on the effects of the borrowers' quality on the size of the market response to bank loan announcements following China …

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 … often been interpreted as indicating that alternative informal financing channels such as trade credit can substitute for …

Despite the swift rise of shadow banking in China over the last decade, the challenge it poses to the monetary policy …

to bank loan announcements in China. Using firm performance before and after the lending decisions, adjusted for the …

Since the early 2000s, China's central bank has been intervening actively in the foreign exchange markets to prevent … bills, which facilitates banks' liquidity management and leads to bank credit expansion. The model can explain the observed …