The siamese twins: Do state-owned banks favor state-owned enterprises in China?

Shang Jin Wei; Tao Wang

doi:10.1016/s1043-951x(97)90010-9

The siamese twins: Do state-owned banks favor state-owned enterprises in China?

Shang Jin Wei, Tao Wang

Columbia Business School

Producción científica › revisión exhaustiva

73 Citas (Scopus)

Resumen

Using city-level data over 1989-1991, we find relatively clear evidence that China's bank loans favor state-owned industrial enterprises. Using a simple model, we argue that the lending bias diminishes the effectiveness of other measures designed to promote the growth of non-state sectors or to induce SOEs to restructure. A policy implication of the study is that the reform of the banking sector, in particular, its lending policy should be implemented simultaneously with the reforms of state-owned industrial enterprises.

Idioma original	English
Páginas (desde-hasta)	19-29
Número de páginas	11
Publicación	China Economic Review
Volumen	8
N.º	1
DOI	https://doi.org/10.1016/s1043-951x(97)90010-9
Estado	Published - 1997

Financiación

We thank James Guanzhong Wen and Chuyuan Cheng for helpful discussions. Wei acknowledgesf inancial support from Harvard University’s William Milton Fund. The authors,n ot any other individual or institution, are responsiblef or the views and errors in the paper.

Financiadores	Número del financiador
Harvard University’s William Milton Fund

ASJC Scopus Subject Areas

Finance
Economics and Econometrics

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title = "The siamese twins: Do state-owned banks favor state-owned enterprises in China?",

abstract = "Using city-level data over 1989-1991, we find relatively clear evidence that China's bank loans favor state-owned industrial enterprises. Using a simple model, we argue that the lending bias diminishes the effectiveness of other measures designed to promote the growth of non-state sectors or to induce SOEs to restructure. A policy implication of the study is that the reform of the banking sector, in particular, its lending policy should be implemented simultaneously with the reforms of state-owned industrial enterprises.",

author = "Wei, {Shang Jin} and Tao Wang",

note = "Funding Information: We thank James Guanzhong Wen and Chuyuan Cheng for helpful discussions. Wei acknowledgesf inancial support from Harvard University{\textquoteright}s William Milton Fund. The authors,n ot any other individual or institution, are responsiblef or the views and errors in the paper.",

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The siamese twins: Do state-owned banks favor state-owned enterprises in China?

Resumen

Financiación

ASJC Scopus Subject Areas

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