Does bank competition alleviate financing constraints in China? Further evidence from listed firms

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Does bank competition alleviate financing constraints in China? Further evidence from listed firms

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Does bank competition alleviate financing constraints in China? Further evidence from listed firms

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2019

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Emerging Markets Finance and Trade

ISSN

1540-496X

e-ISSN

—

Svazek periodika

55

Číslo periodika v rámci svazku

9

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

22

Strana od-do

2124-2145

Kód UT WoS článku

000463085500014

EID výsledku v databázi Scopus

2-s2.0-85060431113