Ayyagari, Meghana; Demirgüç-Kunt, Asli; Maksimovic, … - In: Review of Financial Studies 23 (2010) 8, pp. 3048-3097
-four hundred Chinese firms. While a relatively small percentage of firms utilize bank loans, bank financing is associated with … faster growth whereas informal financing is not. Controlling for selection, we find that firms with bank financing grow … faster than similar firms without bank financing and that our results are not driven by bank corruption or the selection of …