Add to ORKGAbstract: The recent financial crisis has reopened the debate on the impact of informal and formal finance on firm growth in developing countries. Using unique survey data, we find that informal finance is associated with higher sales growth for small firms and lower sales growth for large firms. We identify a complementary effect between informal and formal finance for the sales growth of small firms, but not for large firms. Informal finance offers informational and monitoring advantages, while formal finance offers relatively inexpensive funds. Co-funding, i.e. the simultaneous use of formal and informal finance, is the optimal choice for small firms
This study examines the association between financing strategies and firm investments. Employing the...
The dominant type of finance supplied to SMEs in China continues to be informal sources deriving fro...
This thesis laid the emphasis on Zhejiang Province which SMEs play a dominant role and is characteri...
Abstract: The recent financial crisis has reopened the debate on the impact of informal and formal f...
Different modes of external finance provide heterogeneous benefits for the borrowing firms. Informal...
Different modes of external finance provide heterogeneous benefits for the borrowing firms. Informal...
Abstract: China is often mentioned as a counterexample to the findings in the finance and growth lit...
China's economic development since 1978 has been fuelled largely by a new private sector which is su...
One important factor in firm growth and performance is the availability of financing. Firm financing...
The fast growth of Chinese private sector firms is taken as evidence that informal finance can facil...
China\u27s economic development since 1978 has been fuelled largely by a new private sector which is...
This thesis studies the link between private firm performance and access to finance from a formal fi...
Using a survey dataset of Chinese rural households, we find that access to external finance is posit...
This paper offers a framework to understand informal financing based on mechanisms to deal with asym...
This paper offers a framework to understand informal financing based on mechanisms to deal with asym...
This study examines the association between financing strategies and firm investments. Employing the...
The dominant type of finance supplied to SMEs in China continues to be informal sources deriving fro...
This thesis laid the emphasis on Zhejiang Province which SMEs play a dominant role and is characteri...
Abstract: The recent financial crisis has reopened the debate on the impact of informal and formal f...
Different modes of external finance provide heterogeneous benefits for the borrowing firms. Informal...
Different modes of external finance provide heterogeneous benefits for the borrowing firms. Informal...
Abstract: China is often mentioned as a counterexample to the findings in the finance and growth lit...
China's economic development since 1978 has been fuelled largely by a new private sector which is su...
One important factor in firm growth and performance is the availability of financing. Firm financing...
The fast growth of Chinese private sector firms is taken as evidence that informal finance can facil...
China\u27s economic development since 1978 has been fuelled largely by a new private sector which is...
This thesis studies the link between private firm performance and access to finance from a formal fi...
Using a survey dataset of Chinese rural households, we find that access to external finance is posit...
This paper offers a framework to understand informal financing based on mechanisms to deal with asym...
This paper offers a framework to understand informal financing based on mechanisms to deal with asym...
This study examines the association between financing strategies and firm investments. Employing the...
The dominant type of finance supplied to SMEs in China continues to be informal sources deriving fro...
This thesis laid the emphasis on Zhejiang Province which SMEs play a dominant role and is characteri...