Bank financing in China’s private sector : the payoffs of political capital

• المؤلف الرئيسي: Zhou, Wubiao
• مؤلفون آخرون: School of Humanities and Social Sciences
• التنسيق: مقال
• اللغة: English
• منشور في: 2012
• الموضوعات: DRNTU::Social sciences::Economic development::China
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/94491; http://hdl.handle.net/10220/7499

In Reform Era China, bank financing plays a significant role in entrepreneurial development, despite a severe information asymmetry problem and a discriminatory legal/regulatory environment. This paper offers a political explanation for how Chinese entrepreneurs obtain bank loans by arguing that ent...