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Internal financial constraints and firm productivity in China: Do liquidity and export behavior make a difference?

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  1. Chau Le & Bach Nguyen & Vinh Vo, 2024. "Do intangible assets help SMEs in underdeveloped markets gain access to external finance?—the case of Vietnam," Small Business Economics, Springer, vol. 62(2), pages 833-855, February.
  2. Jin, Man & Zhao, Shunan & Kumbhakar, Subal C., 2019. "Financial constraints and firm productivity: Evidence from Chinese manufacturing," European Journal of Operational Research, Elsevier, vol. 275(3), pages 1139-1156.
  3. Li, Yao Amber & Liao, Wei & Zhao, Chen Carol, 2018. "Credit constraints and firm productivity: Microeconomic evidence from China," Research in International Business and Finance, Elsevier, vol. 45(C), pages 134-149.
  4. Andrés Rodríguez‐Pose & Roberto Ganau & Kristina Maslauskaite & Monica Brezzi, 2021. "Credit constraints, labor productivity, and the role of regional institutions: Evidence from manufacturing firms in Europe," Journal of Regional Science, Wiley Blackwell, vol. 61(2), pages 299-328, March.
  5. Girum Abebe & Biruk Tekle & Yukichi Mano, 2018. "Changing Saving and Investment Behaviour: The Impact of Financial Literacy Training and Reminders on Micro-businesses," Journal of African Economies, Centre for the Study of African Economies, vol. 27(5), pages 587-611.
  6. Ghosh, Debarati & Dutta, Meghna, 2022. "Environmental behaviour under credit constraints – Evidence from panel of Indian manufacturing firms," Structural Change and Economic Dynamics, Elsevier, vol. 63(C), pages 490-500.
  7. Yano, Go & Shiraishi, Maho, 2015. "Trade credit and ethnicity: Case of ethnic minority area in China," China Economic Review, Elsevier, vol. 36(C), pages 236-260.
  8. He, Ming & Chen, Yang & van Marrewijk, Charles, 2021. "The effects of urban transformation on productivity spillovers in China," Economic Modelling, Elsevier, vol. 95(C), pages 473-488.
  9. Jun Du & Yama Temouri, 2015. "High-growth firms and productivity: evidence from the United Kingdom," Small Business Economics, Springer, vol. 44(1), pages 123-143, January.
  10. Yu, Jian & Peng, Fanjia & Shi, Xunpeng & Yang, Longjian, 2022. "Impact of credit guarantee on firm performance: Evidence from China’s SMEs," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 624-636.
  11. Anna M. Ferragina & Fernanda Mazzotta & Khalid Sekkat, 2016. "Financial constraints and productivity growth across the size spectrum: microeconomic evidence from Morocco," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 6(3), pages 361-381, December.
  12. Wang, Rui & Mao, Keqi, 2024. "How does bank competition affect trade-mode transformation? Evidence from Chinese export enterprises," Journal of Multinational Financial Management, Elsevier, vol. 72(C).
  13. Yang Lyu & Zheng Ji & Xiaoqi Zhang & Zhe Zhan, 2023. "Can Fintech Alleviate the Financing Constraints of Enterprises?—Evidence from the Chinese Securities Market," Sustainability, MDPI, vol. 15(5), pages 1-21, February.
  14. Xianpu Xu & Xiawan Li & Lin Zheng, 2022. "A Blessing or a Curse? Exploring the Impact of Environmental Regulation on China’s Regional Green Development from the Perspective of Governance Transformation," IJERPH, MDPI, vol. 19(3), pages 1-24, January.
  15. Go Yano & Maho Shiraishi, 0. "Economic and Political Motivations in Debt Finance in China: Bank Lending and Trade Credit Offering," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 0, pages 1-42.
  16. Go Yano & Maho Shiraishi, 2020. "Economic and Political Motivations in Debt Finance in China: Bank Lending and Trade Credit Offering," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 62(4), pages 590-631, December.
  17. Peng, Fei & Zhou, Shibiao & Zhou, Peng, 2023. "Local government fiscal stress and corporate risk-taking: Evidence from a quasi-natural experiment in China," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1677-1695.
  18. Dong Cheng & Zhongzhong Hu & Yong Tan, 2021. "Heterogeneous impacts of finance on firm exports: Evidence from export deregulation in a large developing country," The World Economy, Wiley Blackwell, vol. 44(11), pages 3326-3350, November.
  19. Huang, Youxing & Zhang, Yan, 2017. "How does outward foreign direct investment enhance firm productivity? A heterogeneous empirical analysis from Chinese manufacturing," China Economic Review, Elsevier, vol. 44(C), pages 1-15.
  20. Chen, Minjia & Matousek, Roman, 2020. "Do productive firms get external finance? Evidence from Chinese listed manufacturing firms," International Review of Financial Analysis, Elsevier, vol. 67(C).
  21. Elena Alexandra Nenu & Georgeta Vintilă & Ştefan Cristian Gherghina, 2018. "The Impact of Capital Structure on Risk and Firm Performance: Empirical Evidence for the Bucharest Stock Exchange Listed Companies," IJFS, MDPI, vol. 6(2), pages 1-29, April.
  22. Li, Mingyang & Kumbhakar, Subal C., 2025. "Export and productivity in Chinese manufacturing: A semiparametric smooth coefficient approach," Economics Letters, Elsevier, vol. 256(C).
  23. Bose, Udichibarna & Mallick, Sushanta & Tsoukas, Serafeim, 2020. "Does easing access to foreign financing matter for firm performance?," Journal of Corporate Finance, Elsevier, vol. 64(C).
  24. Yuan Li & Yongchun Huang & Yupeng Zhao & Zi Ye, 2025. "The Impact of Corporate Environmental, Social, and Governance Performance on Total Factor Productivity: An Analysis of the Moderating Effect of Environmental Uncertainty," Sustainability, MDPI, vol. 17(19), pages 1-24, September.
  25. Taining Wang & Jinjing Tian & Feng Yao, 2021. "Does high debt ratio influence Chinese firms’ performance? A semiparametric stochastic frontier approach with zero inefficiency," Empirical Economics, Springer, vol. 61(2), pages 587-636, August.
  26. Maurel, Mathilde & Pernet, Thomas & Ruili, Zhao, 2025. "Internal finance, financial constraint, and pollution emissions: Evidence from China," China Economic Review, Elsevier, vol. 94(PA).
  27. José Manuel Mansilla-Fernández & Juliette Milgram-Baleix, 2023. "Working capital management, financial constraints and exports: evidence from European and US manufacturers," Empirical Economics, Springer, vol. 64(4), pages 1769-1810, April.
  28. Cheng, Dong & Hu, Zhongzhong & Tan, Yong, 2017. "Time-Varying Impacts of Financial Credits on Firm Exports: Evidence from Trade Deregulation in China," MPRA Paper 80657, University Library of Munich, Germany.
  29. Debarati Ghosh & Meghna Dutta, 2021. "Investment behaviour under financial constraints: a study of Indian firms," SN Business & Economics, Springer, vol. 1(8), pages 1-15, August.
  30. Lai, Tat-Kei & Wang, Luhang, 2024. "Spatial disparity of skill premium in China: The role of financial intermediation development," China Economic Review, Elsevier, vol. 85(C).
  31. Lu, Angdi & Zhang, Jiang & Li, Jie, 2023. "The impact of export VAT rebate reduction on firms' pollution emissions: Evidence from Chinese enterprises," Energy Economics, Elsevier, vol. 120(C).
  32. Claudiu Tiberiu Albulescu & Camélia Turcu, 2022. "Productivity, financial performance, and corporate governance: evidence from Romanian R&D firms," Applied Economics, Taylor & Francis Journals, vol. 54(51), pages 5956-5975, November.
  33. Zhang, Dongyang & Liu, Deqiang, 2017. "Determinants of the capital structure of Chinese non-listed enterprises: Is TFP efficient?," Economic Systems, Elsevier, vol. 41(2), pages 179-202.
  34. Sadia Yasmin & Mohammad Ayaz & Muhammad Ather Ashraf, 2022. "Accelerating Industrial Output Growth through Islamic Bank Decomposed Financing Optimization in Malaysia," iRASD Journal of Economics, International Research Alliance for Sustainable Development (iRASD), vol. 4(4), pages 544-560, December.
  35. Wang, Jingwen & Shen, Guangjun & Tang, Dunzhe, 2021. "Does tax deduction relax financing constraints? Evidence from China's value-added tax reform," China Economic Review, Elsevier, vol. 67(C).
  36. Agostino, Mariarosaria & Errico, Lucia & Rondinella, Sandro & Trivieri, Francesco, 2023. "Enduring lending relationships and european firms default," Research in Economics, Elsevier, vol. 77(4), pages 459-477.
  37. Han Zou, 2024. "Environmental regulation, corporate strategy and trade costs: a regression discontinuity in time design," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(5), pages 12163-12191, May.
  38. Yongzheng Liu & Jie Mao, 2019. "How Do Tax Incentives Affect Investment and Productivity? Firm-Level Evidence from China," American Economic Journal: Economic Policy, American Economic Association, vol. 11(3), pages 261-291, August.
  39. Linjie Feng & Huangxin Chen & Yuriy Bilan & Salahuddin Khan & Weipeng Zhan, 2024. "Green innovation: the role of government subsidies under the system of digital finance -based on a zero-inflated negative binomial model," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(11), pages 29621-29642, November.
  40. repec:mse:cesdoc:23015 is not listed on IDEAS
  41. Dai, Xiaoyong & Sun, Zao & Liu, Hang, 2018. "Disentangling the effects of endogenous export and innovation on the performance of Chinese manufacturing firms," China Economic Review, Elsevier, vol. 50(C), pages 42-58.
  42. Liu, Lihua & Cao, Lele & Cao, Yuqiang & Lu, Meiting & Shan, Yaowen, 2024. "VAT credit refunds and firm productivity: Evidence from China's VAT reform," International Review of Financial Analysis, Elsevier, vol. 93(C).
  43. Zhang, Dongyang, 2019. "Can export tax rebate alleviate financial constraint to increase firm productivity? Evidence from China," International Review of Economics & Finance, Elsevier, vol. 64(C), pages 529-540.
  44. Georgios A. Savvakis & Dimitris Kenourgios & Theofanis Papageorgiou, 2021. "To EMU or not to EMU: Can TFP “provoke” the capital structure puzzle of SMEs?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 2595-2611, April.
  45. Denila Jinny Arulraj & Thillai Rajan Annamalai, 2020. "Firms’ Financing Choices and Firm Productivity: Evidence from an Emerging Economy," International Journal of Global Business and Competitiveness, Springer, vol. 15(1), pages 35-48, June.
  46. Dengjun Zhang, 2022. "Capacity utilization under credit constraints: A firm‐level study of Latin American manufacturing," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 1367-1386, January.
  47. Denila Jinny Arulraj & Thillai Rajan Annamalai, 0. "Firms’ Financing Choices and Firm Productivity: Evidence from an Emerging Economy," International Journal of Global Business and Competitiveness, Springer, vol. 0, pages 1-14.
  48. Shi, Yang & Li, Jiachen & Liu, Ruiming, 2023. "Financing constraints and share pledges: Evidence from the share pledge reform in China," Journal of Corporate Finance, Elsevier, vol. 78(C).
  49. Yu, Xiaodan & Dosi, Giovanni & Grazzi, Marco & Lei, Jiasu, 2017. "Inside the virtuous circle between productivity, profitability, investment and corporate growth: An anatomy of Chinese industrialization," Research Policy, Elsevier, vol. 46(5), pages 1020-1038.
  50. Sai Ding & Alessandra Guariglia & Richard Harris, 2016. "The determinants of productivity in Chinese large and medium-sized industrial firms, 1998–2007," Journal of Productivity Analysis, Springer, vol. 45(2), pages 131-155, April.
  51. T.T.A. Duong & C.J.M. Kool & L. Zhang, 2019. "Borrowing constraints and export decision: the case of Vietnamese exporters," Working Papers 19-21, Utrecht School of Economics.
  52. Yusuf Kenan Bağır & Ünal Seven, 2022. "Access to finance and productivity growth: the role of own and suppliers’ financial constraints," Empirical Economics, Springer, vol. 63(6), pages 3095-3119, December.
  53. He, Ming & Chen, Yang & van Marrewijk, Charles, 2017. "Urban Transformation and Technology Spillovers: Evidence from China's Electric Apparatus Sector," RIEI Working Papers 2017-01, Xi'an Jiaotong-Liverpool University, Research Institute for Economic Integration.
  54. Feng, Ling & Li, Zhiyuan & Liu, Yixuan & Zhou, Yahong, 2025. "Did FinTech steal the cheese of banks? Evidence from Chinese firm exports," China Economic Review, Elsevier, vol. 91(C).
  55. Muhammad Ahad & Adeel Ahmad Dar & Muhammad Imran, 2019. "Does Financial Development Promote Industrial Production in Pakistan? Evidence from Combined Cointegration and Causality Approach," Global Business Review, International Management Institute, vol. 20(2), pages 297-312, April.
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  57. Dongyang Zhang, 2017. "Is working capital management value-enhancing through alleviating financial constraints? Evidence from Chinese non-listed firms," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 15(4), pages 373-406, October.
  58. Zumian Xiao & Hongfeng Peng & Zheyao Pan, 2022. "Innovation, external technological environment and the total factor productivity of enterprises," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(1), pages 3-29, March.
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