Financing R&D in Chinese private firms: Business associations or political connection?
Sign Up to like & getrecommendations! Published in 2019 at "Economic Modelling"
DOI: 10.1016/j.econmod.2018.12.010
Abstract: Using a new and unique dataset of Chinese private firms, this paper explores how private firms access bank loans to finance innovative activities. The results reveal that political connection, rather than membership in a government-controlled… read more here.
Keywords: chinese private; financing; political connection; private firms ... See more keywords
A theory of economic development and dynamics of Chinese economy
Sign Up to like & getrecommendations! Published in 2020 at "Economic Modelling"
DOI: 10.1016/j.econmod.2019.06.003
Abstract: Abstract This paper constructs a theoretical model which captures the recent slowing-down of Chinese economy. In contrast with the previous literature which largely confines its focus on the resource misallocation between inefficient state-owned enterprises (SOEs)… read more here.
Keywords: paper; development; theory economic; chinese economy ... See more keywords
Does Confucian culture influence corporate R&D investment? Evidence from Chinese private firms
Sign Up to like & getrecommendations! Published in 2020 at "Finance Research Letters"
DOI: 10.1016/j.frl.2020.101719
Abstract: Abstract In this study, we examine how informal institution, namely Confucian culture, affects corporate R&D investment. Using a nationwide survey of Chinese private firms, we find that Confucian culture is significantly positively associated with corporate… read more here.
Keywords: confucian culture; corporate investment; chinese private; private firms ... See more keywords
Mutual fund investments in private firms
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Financial Economics"
DOI: 10.1016/j.jfineco.2019.10.003
Abstract: Abstract Historically, a key advantage of being a public firm was broader access to capital, from a disperse group of shareholders. In recent years, such capital has increasingly become available to private firms as well.… read more here.
Keywords: capital; fund investments; investments private; private firms ... See more keywords
Can partially privatized SOEs outperform fully private firms? Evidence from Indonesia
Sign Up to like & getrecommendations! Published in 2017 at "Research in International Business and Finance"
DOI: 10.1016/j.ribaf.2017.07.160
Abstract: Privatization has been widely accepted as an effective avenue to improve the performance of State-Owned Enterprises (SOEs) and reduce the performance gap between SOEs and private firms. Since the 1990s, many SOEs in Indonesia have… read more here.
Keywords: partially privatized; privatized soes; indonesia partially; financial performance ... See more keywords
Modern pandemic crises and R&D investment
Sign Up to like & getrecommendations! Published in 2023 at "Applied Economics"
DOI: 10.1080/00036846.2023.2206110
Abstract: This study investigates the impact of crises caused by pandemics on firms' R&D investments. We explore these associations by utilizing a comprehensive cross-country sample of 261,959 firm-year observations collected from 39 countries during five modern… read more here.
Keywords: private firms; crises investment; pandemic crises; investment ... See more keywords
Financing constraints for R&D in China: the role of state ownership
Sign Up to like & getrecommendations! Published in 2018 at "Applied Economics Letters"
DOI: 10.1080/13504851.2018.1540839
Abstract: ABSTRACT We investigate financing constraints for R&D in China. We find that Chinese private firms are financially constrained for R&D, while state-owned enterprises are not. Mature private firms encounter more severe financing constraints for R&D… read more here.
Keywords: state; financing constraints; financing; constraints china ... See more keywords
Religiosity and Political Connections of Private Firms in China
Sign Up to like & getrecommendations! Published in 2019 at "Emerging Markets Finance and Trade"
DOI: 10.1080/1540496x.2019.1598366
Abstract: ABSTRACT The extant literature on political connections has paid little attention to the role of entrepreneurial traits in firms’ pursuit of connections with government agencies or bureaucrats. Using a nationally representative survey of private enterprises… read more here.
Keywords: connections private; political connections; firms china; private firms ... See more keywords
Information Sharing, Holdup, and External Finance: Evidence from Private Firms
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DOI: 10.1093/rfs/hhy110
Abstract: To mitigate holdup by an informed incumbent lender, a private borrower may publicly share information in order to increase lender competition. Despite proprietary costs, a subset of private borrowers voluntarily share private information in loan… read more here.
Keywords: information; finance; information sharing; holdup external ... See more keywords
Does the All-China Federation of Industry and Commerce Align Private Firms with the Goals of the People's Republic of China's Belt and Road Initiative?
Sign Up to like & getrecommendations! Published in 2020 at "Asian Development Review"
DOI: 10.1162/adev_a_00149
Abstract: This paper demonstrates that the largest business association of private firms in the People's Republic of China (PRC), the All-China Federation of Industry and Commerce (ACFIC), has induced its members to help achieve the goals… read more here.
Keywords: federation industry; china federation; industry commerce; private firms ... See more keywords