Business > Market

Bank finance for private firms in China: Does political capital still pay off?

5 monthes ago   |   By

Abstract
This paper investigates whether political connection can help private firms in China gain access to commercial bank loans. Based on data from the 2012 Nationwide Survey of Private Enterprises in China, it finds that: politically connected firms were more likely to have access to commercial bank loans; the mechanism for this better access might be that, on the one hand, political connection was used by private firms as a tool to overcome discrimination and/or information asymmetry in the loan market; on the other hand, political connection was seen by banks as a signal of...
Read more ...

 


Search by Tags

   Market      Finance  


Trump Delivers a 'Bizarro World' Re-Election Speech

Trump Delivers a 'Bizarro World' Re-Election Speech

It was possible to see a measured, thoughtful appeal for re-election Tuesday night from a Republican president-a man who talked of being “grateful and proud for what we have... Read more ...

Sprouts Farmers Market recalls frozen spinach in several states due to...

Sprouts Farmers Market recalls frozen spinach in several states due to listeria concerns

You might want to check the fridge. Read more ...

US lawmakers are demanding scrutiny - and even a freeze - of Facebook's...

US lawmakers are demanding scrutiny - and even a freeze - of Facebook's cryptocurrency project

Facebook announced plans to create a new cryptocurrency on Tuesday - and the pushback has already begun. In the US, senior Democratic politicians are calling for careful... Read more ...

Facebook's Libra cryptocurrency faces privacy concerns and political backlash

Facebook's Libra cryptocurrency faces privacy concerns and political backlash

Facebook announced a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns. Read more ...

The newspaper in Orlando where Trump is kicking off his 2020 campaign made...

The newspaper in Orlando where Trump is kicking off his 2020 campaign made its 2020 endorsement: 'Not Donald Trump'

The Orlando Sentinel, the leading newspaper in the Florida city where President Donald Trump is set to launch his 2020 reelection campaign, on Tuesday made it very clear it... Read more ...

Google Investing $1 Billion To Fix Bay Area's Tech-Driven Housing Crisis

Google Investing $1 Billion To Fix Bay Area's Tech-Driven Housing Crisis

The tech giant says it wants to build 20,000 new residential units over the next decade. Read more ...

May 2019 NPD: The end of a generation

May 2019 NPD: The end of a generation

For the May 2019 NPD report, you have to look at the context of the current console generation. Gamers are looking past the Xbox One and PlayStation 4. Read more ...

Hong Kong protests dealt China's all-powerful Xi Jinping an embarrassing...

Hong Kong protests dealt China's all-powerful Xi Jinping an embarrassing blow that could sting for a while

More than a million ordinary Hong Kongers thronged the streets of the city and shut the government down in stiffer-than-expected resistance to the growing power of China's... Read more ...

Man fired shot into air at Starbucks, demanded money, police say

Man fired shot into air at Starbucks, demanded money, police say

Asheville police are looking for a man who fired a shot in a Starbucks and demanded money before fleeing the store. Read more ...

The White House reportedly looked into demoting the Federal Reserve chief

The White House reportedly looked into demoting the Federal Reserve chief

Bloomberg reported Tuesday that the White House Legal Counsel examined whether it was possible to strip Federal Reserve Chairman Jerome Powell of his position, but keep him on... Read more ...