Poncet, Sandra; Steingress, Walter; Vandenbussche, Hylke - Center for Operations Research and Econometrics … - 2008
This paper uses a unique micro-level data-set on Chinese firms to test for the existence of a"political-pecking order" in the allocation of credit. Our findings are threefold. Firstly, privateChinese firms are credit constrained while State-owned firms and foreign-owned firms inChina are not;...