Social Capital and Access to Bank Financing: The Case of Chinese Entrepreneurs
This paper studies the effects of social capital on access to bank financing. Based on a Chinese nationwide survey our analysis suggests that entrepreneurs who spend more time on social activities are more likely to obtain a loan from commercial banks. In addition, we find that membership of political parties is an important determinant of state bank financing. Finally, our data reveal some evidence of substitutability between various types of social capital. To get a loan from a specific type of bank, an entrepreneur should access the relevant social network. The results of our analysis are robust to a number of specification checks.
|Date of creation:||12 Oct 2010|
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- Alexander Muravyev & Dorothea Schäfer & Oleksandr Talavera, 2007.
"Entrepreneurs' Gender and Financial Constraints: Evidence from International Data,"
Discussion Papers of DIW Berlin
706, DIW Berlin, German Institute for Economic Research.
- Muravyev, Alexander & Talavera, Oleksandr & Schäfer, Dorothea, 2009. "Entrepreneurs' gender and financial constraints: Evidence from international data," Journal of Comparative Economics, Elsevier, vol. 37(2), pages 270-286, June.
- Alexander Muravyev & Dorothea Schaefer & Oleksandr Talavera, 2008. "Entrepreneurs' gender and financial constraints: evidence from international data," Discussion Papers 11, Kyiv School of Economics.
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- Tsang, Eric W. K., 1994. "Threats and opportunities faced by private businesses in China," Journal of Business Venturing, Elsevier, vol. 9(6), pages 451-468, November.
- McGrath, Rita Gunther & MacMillan, Ian C. & Yang, Elena Ai-Yuan & Tsai, William, 1992. "Does culture endure, or is it malleable? Issues for entrepreneurial economic development," Journal of Business Venturing, Elsevier, vol. 7(6), pages 441-458, November.
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