Does bank competition alleviate financing constraints in China? Further evidence from listed firms
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F19%3A00504956" target="_blank" >RIV/67985998:_____/19:00504956 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1080/1540496X.2018.1564905" target="_blank" >http://dx.doi.org/10.1080/1540496X.2018.1564905</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1080/1540496X.2018.1564905" target="_blank" >10.1080/1540496X.2018.1564905</a>
Alternative languages
Result language
angličtina
Original language name
Does bank competition alleviate financing constraints in China? Further evidence from listed firms
Original language description
This article studies the impact of structural changes in China’s banking sector on the financial constraints on Chinese listed companies’ ability to finance their investments. Using information on the location of bank branches of all Chinese banks, we find that growing competition among banks reduces financing constraints on listed firms. We also show that the emergence of joint-stock commercial banks and regional commercial banks has played a major role in alleviating financing constraints on enterprises, partially due to the weakening of the monopolistic position of state-owned commercial banks. Our findings are based on an analysis of the investment behavior of Chinese listed companies over the period 2000–2015. The results lend support to policies that would further relax regulations on entry into the banking sector.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Emerging Markets Finance and Trade
ISSN
1540-496X
e-ISSN
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Volume of the periodical
55
Issue of the periodical within the volume
9
Country of publishing house
US - UNITED STATES
Number of pages
22
Pages from-to
2124-2145
UT code for WoS article
000463085500014
EID of the result in the Scopus database
2-s2.0-85060431113