کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5090085 1375616 2011 11 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Foreign bank entry and firms' access to bank credit: Evidence from China
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Foreign bank entry and firms' access to bank credit: Evidence from China
چکیده انگلیسی
This paper studies the impact of foreign bank entry on domestic firms' access to bank credit using a within-country staggered geographic variation in the policy of foreign bank lending in China. The paper finds that after foreign bank entry profitable firms use more long-term bank loans; whereas firms with higher value of potential collateral do not. It also finds that non-state-owned firms become able to substitute some trade credit with long-term bank loans. The findings suggest that less opaque firms and non-state-owned firms benefit more from foreign bank entry and that collateral may only play a limited role in mitigating the problem of information asymmetry when creditors' rights are not well protected in a host country.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Banking & Finance - Volume 35, Issue 4, April 2011, Pages 1000-1010
نویسندگان
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