Formal finance and trade credit during China's transition

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 thes...

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Bibliographic details
Main Author: Cull, Robert
Xu, Lixin Colin
Zhu, Tian
Format: Publication
Language: English
Place of publication: 01.04.2007
Data of publication: 2007-04-01
Online Access: available in Bonn?
Database: OpenAIRE (Open Access)
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