Financial Constraints in China: Firm-Level Evidence

By S. Poncet, Walter Steingress, H. Vandenbussche. 2010

465 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/76049ca837378226eaf9cc1af527d186e85bf58c

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The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

1. Sai Ding
2. John Knight
3. Jing You
4. Junhong Yang
5. Yuanyuan Wang
6. Isabel K. M. Yan
7. V. Dang
8. Kenneth S. Chan

Citations in the corpus

• Chinese firms' political connection, ownership, and financing constraints (2012, background): “2 Additionally, compared to Poncet et al. (2010), our study uses a different data source and sample period and focuses on publicly-traded firms.”
• A balancing act: Managing financial constraints and agency costs to minimize investment inefficiency in the Chinese market (2016, background): “structures and location plays a crucial role in determining the extent to which Chinese listed firms face financial constraints and agency problems (Ding et al. 2010; Poncet et al. 2010; Guariglia et al. 2011; Huang et al. 2011).”
• Multiple large shareholders, excess leverage and tunneling: evidence from an emerging market (2017, unknown): “This explanation appears consistent with the conclusion drawn by Cull et al. (2015) and Poncet et al. (2010) who found that credit allocation in China is driven by government intervention through state-owned banks which give preferential treatment to state owned enterprises (SOEs) compared to…”
• State ownership, institutional effects and value creation in cross-border mergers & acquisitions by Chinese firms (2015, unknown): “Using a dataset of 20,000 Chinese firms, Poncet et al. (2010) and Guariglia et al. (2011) conclude that private firms in China face severe financial constraints on investments while SOEs do not.”
• Investment and Financing Constraints in China: Does Working Capital Management Make a Difference? (2013, result): “In line with the literature (Chow and Fung, 1998, 2000; Héricourt and Poncet, 2009; Poncet et al., 2010; Guariglia et al., 2011), we find that fixed investment at SOEs is not sensitive to cash flow.”
• Government Connections and Financial Constraints: Evidence from a Large Representative Sample of Chinese Firms (2013, unknown): “Poncet, Steingress, and Vandenbussche (2010) use a sample of 22,300 observations from 15,000 large firms from 1998 to 2005.”
• Internal financial constraints and firm productivity in China: Do liquidity and export behavior make a difference? (2013, unknown): “Chinese private firms have been found in the literature to be the most financially constrained (Héricourt and Poncet, 2008; Poncet et al., 2010; Guariglia et al., 2010).”
• Corruption and firm growth: Evidence from China☆ (2012, background): “However, the private …rms are usually more e¢ cient and productive than the SOEs and serve as the engine of growth in China (e.g., Guariglia et al., 2011; Poncet et al., 2010).”