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banks, and widening the scope of collateral are possible ways to facilitate increased bank borrowing by SMEs … medium-sized enterprises (SMEs) in the People's Republic of China (PRC) and five Southeast Asian economies (Indonesia … finance since the global financial crisis, including sources of credit, lender types, and collateral types. First, SMEs …
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Using a sample of hi-tech Chinese small and medium-size enterprises (SMEs), we compare financing costs for family and … nonfamily firms. We find that family SMEs enjoy relatively lower average financing costs through mitigating agency problems, the … provision of greater collateral, and the reliance on internal finance. Family firms may also make better use of their advantage …
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We organized business associations for the owner-managers of young Chinese firms to study the effect of business networks on firm performance. We randomized 2,820 firms into small groups whose managers held monthly meetings for one year, and into a “no-meetings” control group. We find the...
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