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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
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.

1363-6669
766-786
Regis, Paulo José
d696452e-72ef-48bc-9409-80996e297ca7
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), 766-786. (doi:10.1111/rode.12366).

Record type: Article

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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More information

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
ORCID for Paulo José Regis: ORCID iD orcid.org/0000-0002-3256-464X

Catalogue record

Date deposited: 01 Apr 2020 16:36
Last modified: 27 Apr 2022 02:14

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