Yan, Isabel K.; Chan, Kenneth S.; Dang, Vinh Q.T. - Volkswirtschaftliche Fakultät, … - 2011
This paper examines the impact of recent financial liberalization in China on the financing constraints of publicly … and intensity of financial reforms: a financial liberalization index and a capital control index. The results indicate …-connected firms do not, financial liberalization has reduced the constraints for the former. Similarly, lower capital control in China …