紀要論文 FINANCE AND ENTERPRISE PERFORMANCE: DOES ETHNICITY MAKE A DIFFERENCE?

SUN, JUNFANG  ,  YANO, GO

56 ( 2 )  , pp.197 - 212 , 2015-12 , Hitotsubashi University
ISSN:0018-280x
NII書誌ID(NCID):AA00207547
内容記述
Using 2004-2007 firm-level micro data for enterprises in Xinjiang Uygur Autonomous Region of China, we investigate the relative importance of bank loans and trade credit in promoting enterprise performance. We find statistical evidence that access to bank loans plays a significant role in improving enterprise productivity, but it has a significantly negative impact on profitability; the result continues to hold when taking into account the ethnicity effect. Moreover, there is no evidence of an ethnicity gap for the effect of receiving bank loans on enterprise performance. We also cannot find strong evidence that trade credit influences productivity or profitability.
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http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/27596/1/HJeco0560201970.pdf

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