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  • 1
    UID:
    b3kat_BV049074418
    Format: 1 Online-Ressource (36 Seiten))
    Edition: Online-Ausg
    Content: Using a large panel dataset of Chinese industrial firms, the authors examine the determinants of access to loans from formal financial intermediaries and extension of trade credit. Poorly performing state-owned enterprises were more likely to redistribute credit to firms with less privileged access to loans through trade credit, a pattern consistent with some of the extension of trade credit being involuntary. By contrast, profitable private domestic firms were more likely to extend trade credit than unprofitable ones. Trade credit likely provided a substitute for loans for these private firms' customers that were shut out of formal credit markets. As biases in lending became less severe, the amount of trade credit extended by private firms declined
    Additional Edition: Zhu, Tian Formal Finance And Trade Credit During China's Transition
    Language: English
    URL: Volltext  (URL des Erstveröffentlichers)
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 2
    UID:
    almafu_9958246465302883
    Format: 1 online resource (33 pages)
    Series Statement: Policy research working papers.
    Content: This paper develops a self-enforcing contract model to show that better economic fundamentals can help when there is weak rule of law-but with order-to attract foreign direct investment, whereas lowering taxes does not necessarily help. Using a cross-region Chinese dataset, the analysis finds evidence consistent with the theoretical analysis. Regional variations in tax rates and the perceived quality of formal contracting institutions are not correlated with regional inflows of foreign direct investment, but leadership characteristics are. Most conventional economic factors have the predicted effects on foreign direct investment. The finding that foreign direct investment is lower in locations where domestic private firms have better access to finance and where the air quality is poor is new to the literature.
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
    URL: Volltext  (kostenfrei)
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  • 3
    UID:
    almafu_9958246571102883
    Format: 1 online resource (44 pages)
    Series Statement: Policy research working papers.
    Content: This paper uses data from a large survey of Chinese firms to investigate whether local government efforts to facilitate market development improve firm efficiency. Both government provision of information about products, markets, and innovation and government assistance in arranging loans are positively associated with firm efficiency. Those private firms with weak access to and knowledge of financial, input, and product markets benefit most from such assistance. These patterns are robust across multiple estimation approaches. Case studies of specific types of market facilitation by local governments are provided. The evidence is consistent with the notion that government facilitation can help some firms overcome market failures in the early stages of development. The paper argues that changing fiscal dynamics that forced local governments to become increasingly self-reliant in generating revenue and a government promotion system based on local economic performance compelled these efforts at market facilitation.
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
    URL: Volltext  (kostenfrei)
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  • 4
    Online Resource
    Online Resource
    Cambridge :Cambridge University Press,
    UID:
    almahu_9949143252402882
    Format: 1 online resource (xvi, 273 pages) : , digital, PDF file(s).
    ISBN: 9781009038997 (ebook)
    Content: China's rapid rise is doubtless the most significant economic and geopolitical event in the 21st century. What has led to its rise? What does it mean for the rest of the world? When will China overtake the US? Will the conflict between the two superpowers derail its further rise? Can China's development experience be emulated by other countries? These are some of the important questions addressed in this jargon-free, yet rigorous book. It debunks many popular explanations of China's rapid economic growth ranging from abundance of cheap labor, export promotion, demographic dividend, strong government, to mercantilist policies and IP theft. Taking a global comparative approach, this book demonstrates convincingly that the true differentiating factor making China grow faster than other developing countries over the past four decades is the Confucian culture of savings and education. This cultural perspective yields powerful new insights into many questions regarding China's rise.
    Note: Title from publisher's bibliographic system (viewed on 01 Sep 2021). , Just how rapid is China's rise? A global comparison -- Explaining China's rise: some popular views -- Do institutions rule? -- Savings and China's investment-led growth -- The role of education: quantity and quality -- Technological progress and innovation -- Confucian culture as the key differentiating factor -- Why is China slowing down? -- Catching up to America in a post-COVID-19 world.
    Additional Edition: Print version: ISBN 9781316510612
    Language: English
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  • 5
    Online Resource
    Online Resource
    Washington, D.C., : The World Bank,
    UID:
    almafu_9958074884302883
    Format: 1 online resource (36 pages)
    Series Statement: Policy research working papers.
    Content: Using a large panel dataset of Chinese industrial firms, the authors examine the determinants of access to loans from formal financial intermediaries and extension of trade credit. Poorly performing state-owned enterprises were more likely to redistribute credit to firms with less privileged access to loans through trade credit, a pattern consistent with some of the extension of trade credit being involuntary. By contrast, profitable private domestic firms were more likely to extend trade credit than unprofitable ones. Trade credit likely provided a substitute for loans for these private firms' customers that were shut out of formal credit markets. As biases in lending became less severe, the amount of trade credit extended by private firms declined.
    Language: English
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  • 6
    UID:
    gbv_1736062379
    Format: 476 Seiten , 21 cm
    Edition: 初版
    Original writing title: 虹橋與極光 : 紀弦,覃子豪,林亨泰詩學理論中的象徵與現代
    Original writing title: 虹桥与极光 : 纪弦,覃子豪,林亨泰诗学理论中的象征与现代
    Original writing person/organisation: 朱天
    Original writing publisher: 台北市 : 秀威資訊科技股份有限公司經典
    ISBN: 9789869618694 , 9869618693
    Series Statement: Taiwan shi xue lun cong 12
    Language: Chinese
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  • 7
    Online Resource
    Online Resource
    Washington, D.C., : The World Bank,
    UID:
    edoccha_9958074884302883
    Format: 1 online resource (36 pages)
    Series Statement: Policy research working papers.
    Content: Using a large panel dataset of Chinese industrial firms, the authors examine the determinants of access to loans from formal financial intermediaries and extension of trade credit. Poorly performing state-owned enterprises were more likely to redistribute credit to firms with less privileged access to loans through trade credit, a pattern consistent with some of the extension of trade credit being involuntary. By contrast, profitable private domestic firms were more likely to extend trade credit than unprofitable ones. Trade credit likely provided a substitute for loans for these private firms' customers that were shut out of formal credit markets. As biases in lending became less severe, the amount of trade credit extended by private firms declined.
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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  • 8
    Microfilm
    Microfilm
    UID:
    gbv_280342462
    Format: IX, 110 Bl , graph. Darst
    Edition: [Mikrofiche-Ausg.]
    Series Statement: Economics theory
    Note: Mikrofiche-Ausg.: Ann Arbor, Mich. : UMI, 1995. 2 Mikrofiches , Evanston, Ill., Northwestern Univ., Diss., 1995
    Language: Undetermined
    Keywords: Hochschulschrift
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  • 9
    UID:
    gbv_1017856826
    Format: Online-Ressource
    Content: Using a large panel dataset of Chinese industrial firms, we find that poorly performing SOEs were more likely to redistribute credit to firms with less privileged access to loans via trade credit. While that could be consistent with the efficient redistribution of credit, it is more likely that these SOEs extended trade credit to prop up faltering customers that were in arrears. By contrast, profitable private domestic firms were more likely to extend trade credit than unprofitable ones. Trade credit likely provided a substitute for loans for these firms' customers that were shut out of formal credit markets. As biases in lending become less severe, the allocation of lending became more efficient, and the amount of trade credit extended by private firms declined. Our evidence implies that redistribution of bank loans via trade was not a major contributor to China's explosive growth.
    Language: English
    URL: Volltext  (kostenfrei)
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  • 10
    UID:
    gbv_1780661207
    Format: 1 Online-Ressource
    Content: We use data from a large survey of Chinese firms to investigate whether local government efforts to facilitate market development improve firm efficiency. Both government provision of information about products, markets, and innovation and government assistance in arranging loans are positively associated with firm efficiency, and those private firms with weak access to and knowledge of financial, input, and product markets benefit most from such assistance. These patterns are robust across multiple estimation approaches. Our examination of the determinants of local government facilitation also suggests that it gravitates toward promoting efficiency, though there are also indications that rent-seeking may play a role. Our evidence is consistent with the notion that government facilitation can help some firms overcome market failures in the early stages of a country's private sector development. Though causality is difficult to establish, we argue that changing fiscal dynamics that forced local governments to become increasingly self-reliant in generating revenue, and a government promotion system based on local economic performance, were key motivating factors for market facilitation by local government officials
    Note: East Asia and Pacific , China
    Language: Undetermined
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