Publication:
Formal Finance and Trade Credit During China's Transition

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dc.contributor.authorCull, Robert
dc.contributor.authorXu, Lixin Colin
dc.contributor.authorZhu, Tian
dc.date.accessioned2012-06-04T18:24:07Z
dc.date.available2012-06-04T18:24:07Z
dc.date.issued2007-04
dc.description.abstractUsing a large panel dataset of Chinese industrial firms, the authors examine the determinants of access to loans from formal financial intermediaries and extension of trade credit. Poorly performing state-owned enterprises were more likely to redistribute credit to firms with less privileged access to loans through trade credit, a pattern consistent with some of the extension of trade credit being involuntary. By contrast, profitable private domestic firms were more likely to extend trade credit than unprofitable ones. Trade credit likely provided a substitute for loans for these private firms' customers that were shut out of formal credit markets. As biases in lending became less severe, the amount of trade credit extended by private firms declined.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/04/7537723/formal-finance-trade-credit-during-chinas-transition
dc.identifier.doi10.1596/1813-9450-4204
dc.identifier.urihttps://hdl.handle.net/10986/7022
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 4204
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectBANK LOANS
dc.subjectBANKING SYSTEM
dc.subjectBANKS
dc.subjectCREDIT COOPERATIVES
dc.subjectCREDIT MARKETS
dc.subjectDEBT
dc.subjectDEFAULT RISK
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTCOMES
dc.subjectEXPROPRIATION
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCING MECHANISM
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN FIRMS
dc.subjectFOREIGN INVESTORS
dc.subjectGDP
dc.subjectGROSS VALUE
dc.subjectGROWTH POTENTIAL
dc.subjectGROWTH RATE
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINTEREST PAYMENTS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINVESTMENT COMPANIES
dc.subjectINVESTMENT PROJECTS
dc.subjectLEGAL SYSTEMS
dc.subjectMONOPOLY
dc.subjectONLENDING
dc.subjectPORTFOLIO
dc.subjectPROFIT MARGINS
dc.subjectPROFITABILITY
dc.subjectPROPERTY RIGHTS
dc.subjectRETURN ON SALES
dc.subjectSOFT BUDGET CONSTRAINTS
dc.subjectSTATE BANKS
dc.subjectSTATE OWNERSHIP
dc.subjectTRADE CREDIT
dc.subjectTRADING
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSITION ECONOMY
dc.subjectTRUST COMPANIES
dc.subjectVALUE ADDED
dc.subjectVALUE OF OUTPUT
dc.subjectWAGES
dc.titleFormal Finance and Trade Credit During China's Transitionen
dspace.entity.typePublication
okr.crossref.titleFormal Finance And Trade Credit During China's Transition
okr.date.doiregistration2025-04-10T09:38:03.939270Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2007/04/7537723/formal-finance-trade-credit-during-chinas-transition
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.guid478531468018601845
okr.identifier.doi10.1596/1813-9450-4204
okr.identifier.externaldocumentum000016406_20070413145804
okr.identifier.internaldocumentum7537723
okr.identifier.reportWPS4204
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/04/13/000016406_20070413145804/Rendered/PDF/wps4204.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryChina
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicBanks and Banking Reform
okr.topicEconomic Theory and Research
okr.topicFinancial Crisis Management and Restructuring
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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