Pitfalls of a State-Dominated Financial System: The Case of China

By Geneviève Boyreau-Debray, Shang-jin Wei. 2005

250 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/6c8497779d84545d4080483c550e160c2c3a64bf

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Citations in the corpus

Credit Constraints, Quality, and Export Prices: Theory and Evidence from China (2015, background): “For example, Boyreau-Debray and Wei (2005) point out that the Chinese banks–mostly state owned–tend to offer easier credit to SOE.”
Financial Constraints in China: Firm-Level Evidence (2010, unknown): “Overall, our results support the conjecture of Boyreau-Debray and Wei (2005) that the state-owned banking sector favors inefficient State Owned firms at the expense of private owned firms, which face financial constraints that hinder them to grow.”
Credit Allocation Under Economic Stimulus: Evidence from China (2019, background): “(2009) and Boyreau-Debray and Wei (2005) have shown that there is misallocation in China favoring SOEs or certain strategic regions and sectors.”
Recasting the Iron Rice Bowl: The Reform of China's State-Owned Enterprises (2017, background): “Using the first order conditions in (4) and (6), and the relationship between revenue and value added in (10), a firm’s labor share and capital share are:”
The Return to Capital in China (2006, unknown): “Therefore the capital-output ratio does not appear to have risen by much, despite the high 31 Others have examined the relationship between investment flow and marginal product of capital across provinces (Gong and Xie, 2004; Boyreau-Debray and Wei, 2005).”
Factor Market Distortions Across Time, Space and Sectors in China (2011, unknown): “∑ i, j Li j = L (4) ∑ i, j Ki j = K (5)”
FDI and Credit Constraints: Firm Level Evidence in China (2009, background): “Boyreau-Debray and Wei (2005) analyze the main pitfalls of the Chinese state-dominated financial system, and find low capital mobility within China due to local government interference and the mis-allocation of capital.”
Ownership, Investment Climate and Firm Performance: Evidence from Chinese Firms (2006, unknown): “Because of the well-known problem of Chinese state-owned banks continuously providing loans to money-losing state-owned enterprises, and the general lack of confidence that the Chinese state-owned banking sector does a good job in allocating bank loans (Boyreau-Debray and Wei, 2004; Cull and Xu, 200”
The impact of corporate social responsibility on financial constraints: Does the life cycle stage of a firm matter? (2019, background): “Due to the local government interference and misallocation of capital (Boyreau-Debray & Wei, 2005), corporate financing is influenced by many factors, such as the position of the firm in the life cycle.”