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Title: Factors in the Development of Trade Credit: Case Study of Provinces in China
Authors: Yano, Go  kyouindb  KAKEN_id
Shiraishi, Maho
Author's alias: 矢野, 剛
Issue Date: 5-Dec-2014
Publisher: Taylor & Francis Group
Journal title: Emerging Markets Finance and Trade
Volume: 50
Issue: s2
Start page: 114
End page: 134
Abstract: Using Chinese province-level panel data for 2001-9, we investigate significant factors for the development of financial intermediation via trade credit in developing economies. First, we confirm that a competitive market environment, a well-functioning legal system, and greater bank loans for non-state-sector firms promote the development of trade credit in China. Conversely, corruption hinders its development. Second, we find that proper functioning of the legal system and bank lending to non-state-sector firms are highly likely to be the causes of the complex relationships between these determinants. Finally, we observe that an increase in the number of lawyers effectively improves the quality and function of the legal system, which, in turn, alleviates the harmful influence of corruption on trade credit development.
Rights: This is an Accepted Manuscript of an article published by Taylor & Francis in Emerging Markets Finance and Trade on 2014, available online: http://www.tandfonline.com/10.2753/REE1540-496X5002S208.
許諾条件により本文ファイルは2016-06-05に公開.
This is not the published version. Please cite only the published version. この論文は出版社版でありません。引用の際には出版社版をご確認ご利用ください。
URI: http://hdl.handle.net/2433/199592
DOI(Published Version): 10.2753/REE1540-496X5002S208
Appears in Collections:Journal Articles

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