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) around the globe, with the focus on alternative finance—financing from all the non-market, non-bank external sources. We …-growing economies. We compare market and bank finance with alternative finance, along with the supporting mechanisms such as legal and …
Persistent link: https://www.econbiz.de/10014025553
We provide a comprehensive review of China's financial system, and explore directions of future development. First, the … development of China's stock market and other financial markets is the most important task. Third, the most successful part of the … sustain stable economic growth, China should aim to prevent and halt damaging financial crises, including a banking sector …
Persistent link: https://www.econbiz.de/10013092276
This paper studied the governance mechanism of the economic transaction with trade credit: First, we build a theoretical model that bargaining power reduces trade credit ex ante, and expand ex post enforcement power. The ex post enforcement power and cash in the buyer's hand expand the trade...
Persistent link: https://www.econbiz.de/10012936848
The spectacular economic growth in China in the past four decades has inspired a large strand of research to understand … China's unconventional growth path. This paper focuses on the recent development of China's institutions, financial markets …, innovations and government-business relations in the context of their roles in supporting China's growth. The government's role in …
Persistent link: https://www.econbiz.de/10012851105
China’s financial development from the view of political economics. Generally, the Chinese financial system is bank …Based on a systematic review and summarization of China’s 30 years of financial reform and development, this paper … comprehensively analyzes the past, present and future development of China’s financial system and also presents the mechanism for …
Persistent link: https://www.econbiz.de/10009418515
facilitates an effective supply of trade credit based on original surveys conducted in P.R. of China. Our theory predicts that …
Persistent link: https://www.econbiz.de/10005222488
medium-sized enterprises(SMEs) based on two original surveys, conducted in four cities in China in 2003. The survey was … this implies that strategic default is a serious concern among SMEs in China. (3) Spillover effect exists in payment …
Persistent link: https://www.econbiz.de/10005227605
We examine the privatization process of the Industrial and Commercial Bank of China (ICBC), the largest bank in the …
Persistent link: https://www.econbiz.de/10013091745
We examine the privatization process of the Industrial and Commercial Bank of China (ICBC), the largest bank in the …
Persistent link: https://www.econbiz.de/10013077741
) around the globe, with the focus on alternative finance — financing from all the non-market, non-bank external sources. We …-growing economies. We compare market- and bank-finance with alternative finance, along with the supporting mechanisms such as legal and …
Persistent link: https://www.econbiz.de/10013066329