Property rights protection and access to bank loans - Evidence from private enterprises in China

被引:147
|
作者
Bai, Chong-En [1 ]
Lu, Jiangyong
Tao, Zhigang
机构
[1] Tsing Hua Univ, Sch Econ & Management, Beijing 100084, Peoples R China
[2] Univ Hong Kong, Sch Econ & Finance, Hong Kong, Hong Kong, Peoples R China
[3] Tsing Hua Univ, Dept Business Strategy & Policy, Ctr China World Econ, Beijing 100084, Peoples R China
[4] Univ Hong Kong, Sch Business, Hong Kong, Hong Kong, Peoples R China
关键词
access to bank loans; private enterprises; property rights protection; political participation; philanthropic activities;
D O I
10.1111/j.1468-0351.2006.00269.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
Poor protection of private property has limited the access to bank loans by private enterprises in developing and transition economies. Under those circumstances, private entrepreneurs have resorted to various ways of enhancing the de facto protection of private property. Using a dataset of 3,073 private enterprises in China, this paper empirically investigates the impact of political participation and philanthropic activities - informal substitutes for the lack of formal protection of private property - on the access to bank loans.
引用
收藏
页码:611 / 628
页数:18
相关论文
共 50 条
  • [1] Do property rights matter for bank loans? Evidence from China
    Wu, Ying
    Zhang, Yi
    Li, Guangzi
    Li, Fang
    [J]. FINANCE RESEARCH LETTERS, 2022, 48
  • [2] Property Rights, Finance, and Reinvestment: Evidence from China's Private Enterprises
    Bai, Chong-en
    Du, Julan
    Lu, Yi
    Tao, Zhigang
    [J]. ANNALS OF ECONOMICS AND FINANCE, 2020, 21 (02): : 363 - 392
  • [3] The influence of the largest private shareholder on bank loans: Evidence from China
    Liu, Jie
    Xu, Limei
    Zhang, Qiaoyun
    [J]. PLOS ONE, 2022, 17 (10):
  • [4] The impact of geographical distance on bank loans for China's private enterprises
    Song C.
    Li T.
    Li G.
    [J]. Dili Xuebao/Acta Geographica Sinica, 2021, 76 (08): : 1835 - 1847
  • [5] The impact of corruption on firms' access to bank loans: evidence from China
    Liu, Peisen
    Li, Houjian
    Guo, Hua
    [J]. ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA, 2020, 33 (01): : 1963 - 1984
  • [6] Political connections and household access to bank loans: evidence from China
    Li, Linyang
    Hermes, Niels
    Lensink, Robert
    [J]. ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA, 2020, 33 (01): : 288 - 309
  • [7] A Research on the Intellectual Property Rights Protection in Private Technology Enterprises
    Hui, Huang
    [J]. PROCEEDINGS OF THE 7TH INTERNATIONAL CONFERENCE ON INNOVATION AND MANAGEMENT, VOLS I AND II, 2010, : 1393 - 1397
  • [8] Corporate fraud and bank loans:Evidence from china
    Yunsen Chen
    Song Zhu
    Yutao Wang
    [J]. China Journal of Accounting Research, 2011, (03) : 155 - 165
  • [9] Corporate fraud and bank loans: Evidence from china
    Chen, Yunsen
    Zhu, Song
    Wang, Yutao
    [J]. CHINA JOURNAL OF ACCOUNTING RESEARCH, 2011, 4 (03) : 155 - 165
  • [10] Private Enterprises Funding Sources: Folk Financing or Bank Loans?
    Wang Wei
    Peng Peng
    [J]. PROCEEDINGS OF THE 6TH (2014) INTERNATIONAL CONFERENCE ON FINANCIAL RISK AND CORPORATE FINANCE MANAGEMENT, VOLS. I AND II, 2014, : 336 - 341