Alternative financing and private firm performance

• Main Authors: YIU, Daphne W., SU, Jun, XU, Yuehua
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2013
• Subjects: Alternative financing; Capital access; Private firms; China; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/7325; https://ink.library.smu.edu.sg/context/lkcsb_research/article/8324/viewcontent/SSRN_id2189909_pv.pdf
• Institution: Singapore Management University

Why do private firms grow vibrantly in transition economies despite their limited access to formal financing? This study underscores the importance of informal financing in facilitating the growth of private firms in China. Drawing from the institutional economics argument, we posit that informal fi...