mirage

Bank financing in China’s private sector : the payoffs of political capital

DSpace/Manakin Repository

 

Search DR-NTU


Advanced Search Subject Search

Browse

My Account

Bank financing in China’s private sector : the payoffs of political capital

Show full item record

Title: Bank financing in China’s private sector : the payoffs of political capital
Author: Zhou, Wubiao
Copyright year: 2009
Abstract: In Reform Era China, bank financing plays a significant role in entrepreneurial development, despite a severe information asymmetry problem and a discriminatory legal/regulatory environment. This paper offers a political explanation for how Chinese entrepreneurs obtain bank loans by arguing that entrepreneurs actively invest in political capital to overcome bank financing obstacles. Pursuing membership in the legislative or semi-legislative organs of the Chinese government is an effective strategy for private entrepreneurs to obtain political capital. Empirical analysis suggests that a legislative membership helps entrepreneurs get access to bank loans; and it may be more useful for small and medium enterprises.
Subject: DRNTU::Social sciences::Economic development::China.
Type: Journal Article
Series/ Journal Title: World development
School: School of Humanities and Social Sciences
Rights: © 2008 Elsevier. This is the author created version of a work that has been peer reviewed and accepted for publication by World Development, Elsevier.  It incorporates referee’s comments but changes resulting from the publishing process, such as copyediting, structural formatting, may not be reflected in this document.  The published version is available at: [DOI: http://dx.doi.org/10.1016/j.worlddev.2008.07.011 ]
Version: Accepted version

Files in this item

Files Size Format View Description
Bank Financing ... s of Political Capital.pdf 520.8Kb PDF View/Open Main article
   

DOI Query

- Get published version (via Digital Object Identifier)
   

This item appears in the following Collection(s)

Show full item record

Statistics

Total views

All Items Views
Bank financing in China’s private sector : the payoffs of political capital 659

Total downloads

All Bitstreams Views
Bank Financing in China’s Private Sector The Payoffs of Political Capital.pdf 379
Wk 13 - Bank Financing in China's Private Sector The Payoffs of Political Capital.pdf 14

Top country downloads

Country Code Views
Singapore 134
United States of America 94
China 72
Japan 9
Pakistan 9

Top city downloads

city Views
Singapore 133
Mountain View 67
Beijing 25
Kunming 5
Redwood City 5

Downloads / month

  2014-07 2014-08 2014-09 total
Bank Financing in China’s Private Sector The Payoffs of Political Capital.pdf 0 0 2 2