The DOI matches its Crossref record; 49 of the 49 references it cites were found in a registry or an index.
Inside the black box: Bank credit allocation in China’s private sector
Open accessAbstract
This study examines how the Chinese state-owned banks allocate loans to private firms. We find that the banks extend loans to financially healthier and better-governed firms, which implies that the banks use commercial judgments in this segment of the market. We also find that having the state as a minority owner helps firms obtain bank loans and this suggests that political connections play a role in gaining access to bank finance. In addition, we find that commercial judgments are important determinants of the lending decisions for manufacturing firms, large firms, and firms located in regions with a more developed banking sector; political connections are important for firms in service industries, large firms, and firms located in areas with a less developed banking sector.
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Cited by
Ownership, institutions, and capital structure: Evidence from China
Li, K., Yue, H., & Zhao, L. (2009) · Journal of Comparative Economics · doi:10.1016/j.jce.2009.07.001 · Cited by 459
Nanteleza Ndala, N. (2019) · International Journal of Business and Management · doi:10.5539/ijbm.v14n5p84 · Cited by 7
Metadata
- Authors
- Firth, M., Lin, C., Liu, P., & Wong, S. M. L.
- Venue
- Journal of Banking & Finance
- Publisher
- Elsevier BV
- Published
- 2009-06
- Volume
- 33
- Issue
- 6
- Pages
- 1144-1155
- ISSN
- 0378-4266 (ISSN-L)
- OpenAlex
- W3122862660
- Cited by
- 503
- References
- 49
- FWCI
- 20.73
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
