Access to credit and investment decisions of small- and medium-sized enterprises in China
Access to credit and investment decisions of small- and medium-sized enterprises in China
Financial constraints are common in developing countries where financial systems are underdeveloped. In China, firms report that access to finance is the most important obstacle in the business environment. This is related to firms that fail to gain access to the credit market. We examine the likelihood of gaining access to credit by firms, and find that size and exporting appear to be the key characteristics. Credit constraints are significant for investment decisions. Together with size, access to credit is among the firm characteristics with the greatest impact on the likelihood to invest.
766-786
Regis, Paulo José
d696452e-72ef-48bc-9409-80996e297ca7
1 May 2018
Regis, Paulo José
d696452e-72ef-48bc-9409-80996e297ca7
Regis, Paulo José
(2018)
Access to credit and investment decisions of small- and medium-sized enterprises in China.
Review of Development Economics, 22 (2), .
(doi:10.1111/rode.12366).
Abstract
Financial constraints are common in developing countries where financial systems are underdeveloped. In China, firms report that access to finance is the most important obstacle in the business environment. This is related to firms that fail to gain access to the credit market. We examine the likelihood of gaining access to credit by firms, and find that size and exporting appear to be the key characteristics. Credit constraints are significant for investment decisions. Together with size, access to credit is among the firm characteristics with the greatest impact on the likelihood to invest.
Text
2018 Regis RODE12366 OA draft
- Accepted Manuscript
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e-pub ahead of print date: 29 November 2017
Published date: 1 May 2018
Identifiers
Local EPrints ID: 439036
URI: http://eprints.soton.ac.uk/id/eprint/439036
ISSN: 1363-6669
PURE UUID: b2e6bae5-b241-4c3b-b715-7dd0377e9a23
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Date deposited: 01 Apr 2020 16:36
Last modified: 17 Mar 2024 03:57
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