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Estimation of the Treatment Effects of Ownership on the Indirect Financing of Small- and Medium-Sized Enterprises
المؤلفون المشاركون
Wang, Xiuzhen
Deng, Ying
Xia, Xiaohua
Hu, Yi
المصدر
Discrete Dynamics in Nature and Society
العدد
المجلد 2014، العدد 2014 (31 ديسمبر/كانون الأول 2014)، ص ص. 1-6، 6ص.
الناشر
Hindawi Publishing Corporation
تاريخ النشر
2014-07-16
دولة النشر
مصر
عدد الصفحات
6
التخصصات الرئيسية
الملخص EN
Small- and medium-sized enterprises (SMEs) are the important driving forces for the growth of China’s economy.
However, financing difficulty has always been the important problem besetting the development of SMEs for a long time.
In particular, in recent years, US subprime crisis in 2008 caused a heavy blow to the development of some externally oriented SMEs.
Thus, how to effectively overcome financing predicament for the SMEs is crucial for Chinese government.
In this paper, based on microdata from China Industrial Enterprise Database, propensity score matching (PSM) method is adopted to conduct empirical analysis about the treatment effects of indirect financing level of SMEs under different systems.
Empirical results reveal that state-owned enterprises enjoy indirect financing advantages compared with other enterprises and there is certain ownership discrimination against foreign-funded enterprises and private enterprises.
In particular, the indirect financing rate of state-owned enterprises is 1.4% higher than that of other enterprises, and the indirect financing rate of foreign-funded enterprises is 6% lower than that of other enterprises; private enterprises are advantageous in indirect financing compared with other enterprises; however, indirect financing rate of private enterprises is 1.8% lower than that of state-owned enterprises, which also reveals ownership discrimination to certain extent.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Wang, Xiuzhen& Hu, Yi& Xia, Xiaohua& Deng, Ying. 2014. Estimation of the Treatment Effects of Ownership on the Indirect Financing of Small- and Medium-Sized Enterprises. Discrete Dynamics in Nature and Society،Vol. 2014, no. 2014, pp.1-6.
https://search.emarefa.net/detail/BIM-472793
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Wang, Xiuzhen…[et al.]. Estimation of the Treatment Effects of Ownership on the Indirect Financing of Small- and Medium-Sized Enterprises. Discrete Dynamics in Nature and Society No. 2014 (2014), pp.1-6.
https://search.emarefa.net/detail/BIM-472793
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Wang, Xiuzhen& Hu, Yi& Xia, Xiaohua& Deng, Ying. Estimation of the Treatment Effects of Ownership on the Indirect Financing of Small- and Medium-Sized Enterprises. Discrete Dynamics in Nature and Society. 2014. Vol. 2014, no. 2014, pp.1-6.
https://search.emarefa.net/detail/BIM-472793
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references
رقم السجل
BIM-472793
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
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