Yano, Go; Shiraishi, Maho - In: Emerging Markets Finance and Trade 50 (2014) 2S, pp. 114-134
-functioning legal system, and greater bank loans for non-state-sector firms promote the development of trade credit in China. Conversely …, corruption hinders its development. Second, we find that proper functioning of the legal system and bank lending to non-state-sector … firms are highly likely to be the causes of the complex relationships between these determinants. Finally, we observe that …