The DOI matches its Crossref record; 9 of the 9 references it cites were found in a registry or an index.
Bank Loans with Chinese Characteristics: Some Evidence on Inside Debt in a State-Controlled Banking System
Abstract
We study a transitional economy where state-controlled banks make loan decisions based on noisy inside information on prospective borrowers, and may lend to avert unemployment and social instability. In China, poor financial performance and high managerial expenses increase the likelihood of obtaining a bank loan, and bank loan approval predicts poor subsequent borrower performance. Negative event study responses occur at bank loan announcements, particularly for borrowers measuring poorly on quality and creditworthiness, or for lenders or borrowers involved in litigation regarding loans. Our results highlight dilemmas in a state-led financial system and the local stock market’s sophistication in interpreting news.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Sample Selection Bias as a Specification Error
Heckman, J. J. (1979) · Econometrica · doi:10.2307/1912352 · Cited by 28,779
The Market for "Lemons": Quality Uncertainty and the Market Mechanism
Akerlof, G. A. (1970) · The Quarterly Journal of Economics · doi:10.2307/1879431 · Cited by 23,016
Corporate financing and investment decisions when firms have information that investors do not have
Myers, S. C., & Majluf, N. S. (1984) · Journal of Financial Economics · doi:10.1016/0304-405x(84)90023-0 · Cited by 18,957
Financial intermediation and delegated monitoring
Diamond, D. W. (1984) · The Review of Economic Studies · doi:10.2307/2297430 · Cited by 8,476 · cited 1×
“For example, Diamond (1984) suggests that banks exist because they can evaluate and monitor borrowers efficiently, addressing the “free rider” problem and thereby reducing information asymmetry.”
BackgroundCorporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have
Myers, S., & Majluf, N. (1984) · doi:10.3386/w1396 · Cited by 6,745
Some evidence on the uniqueness of bank loans
James, C. (1987) · Journal of Financial Economics · doi:10.1016/0304-405x(87)90003-1 · Cited by 1,610
Valuation effects of security offerings and the issuance process
Mikkelson, W. H., & Partch, M. M. (1986) · Journal of Financial Economics · doi:10.1016/0304-405x(86)90049-8 · Cited by 1,213
Institutions, ownership, and finance: the determinants of profit reinvestment among Chinese firms
CULL, R., & XU, L. (2005) · Journal of Financial Economics · doi:10.1016/j.jfineco.2004.05.010 · Cited by 1,023
Further evidence on the bank lending process and the capital market response to bank loan agreements
Lummer, S. L., & McConnell, J. J. (1989) · Journal of Financial Economics · doi:10.1016/0304-405x(89)90098-6 · Cited by 856
Cited by
Corporate governance in China: A modern perspective
Jiang, F., & Kim, K. A. (2015) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2014.10.010 · Cited by 931
Corporate Governance in China: A Survey
Jiang, F., & Kim, K. A. (2020) · Review of Finance · doi:10.1093/rof/rfaa012 · Cited by 815
Xing, C., Zhang, Y., & Tripe, D. (2021) · International Review of Financial Analysis · doi:10.1016/j.irfa.2021.101838 · Cited by 417
Does infrastructure investment lead to economic growth or economic fragility? Evidence from China
Ansar, A., Flyvbjerg, B., Budzier, A., & Lunn, D. (2016) · Oxford Review of Economic Policy · doi:10.1093/oxrep/grw022 · Cited by 351
Metadata
- Authors
- Bailey, W., Huang, W., & Yang, Z.
- Venue
- Journal of Financial and Quantitative Analysis
- Publisher
- Cambridge University Press (CUP)
- Published
- 2011-06-06
- Volume
- 46
- Issue
- 6
- Pages
- 1795-1830
- ISSN
- 0022-1090 (ISSN-L)
- 1756-6916
- OpenAlex
- W2103694941
- Cited by
- 268
- References
- 9
- FWCI
- 24.92
- Type
- journal article
- Language
- en
- Open access
- closed
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Bank Loans with Chinese Characteristics: Some Evidence on Inside Debt in a State-Controlled Banking System. https://app.cochat.ai/papers/10.1017/s0022109011000433
- The paper
- Bailey, W., Huang, W., & Yang, Z. (2011). Bank Loans with Chinese Characteristics: Some Evidence on Inside Debt in a State-Controlled Banking System. Journal of Financial and Quantitative Analysis. https://doi.org/10.1017/s0022109011000433
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
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.
