Résumé
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.
| Langue d'origine | English |
|---|---|
| Pages (de-à) | 19-29 |
| Nombre de pages | 11 |
| Journal | China Economic Review |
| Volume | 8 |
| Numéro de publication | 1 |
| DOI | |
| Statut de publication | Published - 1997 |
Financement
| Bailleurs de fonds | Numéro du bailleur de fonds |
|---|---|
| Harvard University’s William Milton Fund |
ASJC Scopus Subject Areas
- Finance
- Economics and Econometrics
Empreinte numérique
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Wei, S. J., & Wang, T. (1997). The siamese twins: Do state-owned banks favor state-owned enterprises in China? China Economic Review, 8(1), 19-29. https://doi.org/10.1016/s1043-951x(97)90010-9