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Access to credit and investment decisions of small†and medium†sized enterprises in China

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  • Paulo José Regis

Abstract

Financial constraints are common in developing countries where financial systems are underdeveloped. In China, firms report that access to finance is the most important obstacle in the business environment. This is related to firms that fail to gain access to the credit market. We examine the likelihood of gaining access to credit by firms, and find that size and exporting appear to be the key characteristics. Credit constraints are significant for investment decisions. Together with size, access to credit is among the firm characteristics with the greatest impact on the likelihood to invest.

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  • Paulo José Regis, 2018. "Access to credit and investment decisions of small†and medium†sized enterprises in China," Review of Development Economics, Wiley Blackwell, vol. 22(2), pages 766-786, May.
    • Handle: RePEc:bla:rdevec:v:22:y:2018:i:2:p:766-786
    DOI: 10.1111/rode.12366
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    Cited by:

    1. Kai Chang & Ning Lu & Ze Sheng Li & Yi Ran Wang, 2021. "The combined impacts of fiscal and credit policies on green firm's investment opportunity: Evidences from Chinese firm‐level analysis," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(7), pages 1822-1835, October.
    2. Zakia Jabeen & Jabir Ali & Nadia Yusuf, 2021. "Difference in business obstacles faced by firms across sizes: evidence from enterprise survey data of India," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 11(1), pages 71-81, December.

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