Does the Source of Finance Matter for Firm Growth? Evidence from China
نویسنده
چکیده
Using a comprehensive micro dataset spanning the period 1998-2005, this paper provides a systematic investigation of the relationship between financial structure and firm growth in China, controlling for the endogeneity of the former. It finds that financial structure does matter for firm growth in China, although this does not tell the whole story. The relative importance of the different financing sources depends on firm ownership and growth channel. JEL classification: O5, G2
منابع مشابه
No . 2009 / 03 Source of Finance , Growth and Firm Size – Evidence from China
Using a comprehensive firm-level dataset spanning the period 1998-2005, this paper provides a thorough investigation of the relationship between firm size, total factor productivity growth and financial structure in China, controlling for the endogeneity of the latter. Generally, it finds financing source matters for firms of different size, and the extent to which financing source matters for ...
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