Journal article
Financial development, bank discrimination and trade credit
Abstract
Non-state owned firms in China grow tremendously with limited support from banks. This provides a unique setting to test how firms in a country with poorly developed financial institutions fund their prosperous growth opportunities. This paper compares the use of an important non-formal financial channel, trade credit, between state and non-state owned firms in China. We find that, compared to state owned firms, non-state owned firms use more …
Authors
Ge Y; Qiu J
Journal
Journal of Banking & Finance, Vol. 31, No. 2, pp. 513–530
Publisher
Elsevier
Publication Date
2 2007
DOI
10.1016/j.jbankfin.2006.07.009
ISSN
0378-4266