Factors in the Development of Trade Credit: Case Study of Provinces in China

References

• Acemoglu, D., and S. Johnson. 2005. "Unbundling Institutions." Journal of Political Economy 113, no. 5: 949-995.
   Google Scholar
• Aktas, N.; E. de Bodt; F. Lobez; and J.-C. Statnik. 2012. "The Information Content of Trade Credit." Journal of Banking & Finance 36, no. 5: 1402-1413.
   Google Scholar
• Allen, F.; J. Qian; and M. Qian. 2005. "Law, Finance, and Economic Growth in China." Journal of Financial Economics 77, no. 1: 57-116.
   Google Scholar
• Arellano, M., and S. Bond. 1991. "Some Tests of Specifications for Panel Data: Monte Carlo Evidence and an Application to Employment Equations." Review of Economic Studies 58, no. 2: 277-297.
   Google Scholar
• Ayyagari, M.; A. Demirgüç-Kunt; and V. Maksimovic. 2010. "Formal Versus Informal Finance: Evidence from China." Review of Financial Studies 23, no. 8: 3048-3097.
   Google Scholar
• Biais, B., and C. Gollier. 1997. "Trade Credit and Credit Rationing." Review of Financial Studies 10, no. 4: 903-937.
   Google Scholar
• Blundell, R., and S. Bond. 1998. "Initial Conditions and Moment Restriction in Dynamic Panel Data Models." Journal of Econometrics 87, no. 1: 115-144.
   Google Scholar
• Boyreau-Debray, G. 2003. "Financial Intermediation and Growth: Chinese Style." Policy Research Working Paper no. 3027, World Bank, Washington, DC.
   Google Scholar
• Brandt, L., and H. Li. 2003. "Bank Discrimination in Transition Economies: Ideology, Information, or Incentives?" Journal of Comparative Economics 31, no. 3: 387-413.
   Google Scholar
• Burkart, M., and T. Ellingsen. 2004. "In-Kind Finance: A Theory of Trade Credit." American Economic Review 94, no. 3: 569-590.
   Google Scholar
• Cai, H.; H. Fang; and L. Xu. 2011. "Eat, Drink, Firms, Government: An Investigation of Corruption from the Entertainment and Travel Costs of Chinese Firms." Journal of Law and Economics 54, no. 1: 55-78.
   Google Scholar
• Cheng, X., and H. Degryse. 2007. "The Impact of Banks and Non-bank Financial Institutions on Local Economic Growth in China." BOFIT Discussion Paper no. 22/2007, Bank of Finland, Institute for Economies in Transition, Helsinki.
   Google Scholar
• Chinese Association of Financial Studies. various years. Zhongguo jinrong nianjian (Almanac of China's Finance and Banking). Beijing: Zhongguo jinrong nianjian zazhishe youxian gongsi.
   Google Scholar
• Cull, R., and L. Xu. 2005. "Institutions, Ownership, and Finance: The Determinants of Profit Reinvestment Among Chinese Firms." Journal of Financial Economics 77, no. 1: 117-146.
   Google Scholar
• Cull, R.; L. Xu; and T. Zhu. 2009. "Formal Finance and Trade Credit During China's Transition." Journal of Financial Intermediation 18, no. 2: 173-192.
   Google Scholar
• Demirgüç-Kunt, A., and V. Maksimovic. 2001. "Firms as Financial Intermediaries: Evidence from Trade Credit Data." Policy Research Working Paper no. 2696, World Bank, Washington, DC.
   Google Scholar
• Ding, S.; A. Guariglia; and J. Knight. 2013. "Investment and Financing Constraints in China: Does Working Capital Make a Difference?" Journal of Banking & Finance 37, no. 5: 1490-1507.
   Google Scholar
• Du, J.; Y. Lu; and Z. Tao. 2012. "Bank Loans vs. Trade Credit: Evidence from China." Economics of Transition 20, no. 3: 457-480.
   Google Scholar
• Editorial Committee of Yearbook of China Small and Medium Enterprises. various years. Yearbook of China Small and Medium-Size Enterprises. Beijing: Jingji kexue chubanshe.
   Google Scholar
• Editorial Committee of Law Yearbook of China. various years. Zhongguo falü nianjian (Law Yearbook of China). Beijing: Zhongguo falu nianjianshe.
   Google Scholar
• Editorial Committee of China Procuratorial Yearbook. various years. Zhongguo jiancha nianjian (China Procuratorial Yearbook). Beijing: Zhongguo jiancha chubanshe.
   Google Scholar
• Editorial Committee of China Judicial Administration Yearbook. various years. Zhongguo sifa xingzheng nianjian (China Judicial Administration Yearbook). Beijing: Falü chubanshe.
   Google Scholar
• Editorial Committee of Chinese Yearbook of Lawyers. various years. Zhongguo lüshi nianjian (Chinese Yearbook of Lawyers). Beijing: Renmin fayuan chubanshe.
   Google Scholar
• Fabbri, D., and L. Klapper. 2008. "Market Power and the Matching of Trade Credit Terms." Policy Research Working Paper no. 4754, World Bank, Washington, DC.
   Google Scholar
• Fafchamps, M. 2004. Market Institutions in Sub-Saharan Africa: Theory and Evidence. Cambridge: MIT Press.
   Google Scholar
• Fisman, R., and I. Love. 2003. "Trade Credit, Financial Intermediary Development, and Industry Growth." Journal of Finance 58, no. 1: 353-374.
   Google Scholar
• Fisman, R., and M. Raturi. 2004. "Does Competition Encourage Credit Provision? Evidence from African Trade Credit Relationships." Review of Economics and Statistics 86, no. 1: 345-352.
   Google Scholar
• Ge, Y., and J. Qiu. 2007. "Financial Development, Bank Discrimination and Trade Credit." Journal of Banking & Finance 31, no. 2: 513-530.
   Google Scholar
• Giannetti, M.; M. Burkart; and T. Ellingsen. 2011. "What You Sell Is What You Lend? Explaining Trade Credit Contracts." Review of Financial Studies 24, no. 4: 1261-1298.
   Google Scholar
• Guariglia, A., and S. Poncet. 2008. "Could Financial Distortions Be No Impediment to Economic Growth After All? Evidence from China." Journal of Comparative Economics 36, no. 4: 633-657.
   Google Scholar
• Guariglia, A.; X. Liu; and L. Song. 2011. "Internal Finance and Growth: Microeconometric Evidence on Chinese Firms." Journal of Development Economics 96, no. 1: 79-84.
   Google Scholar
• Hyndman, K., and G. Serio. 2010. "Competition and Inter-firm Credit: Theory and Evidence from Firm-Level Data in Indonesia." Journal of Development Economics 93, no. 1: 88-108.
   Google Scholar
• Johnson, S.; J. McMillan; and C. Woodruff. 2002. "Courts and Relational Contracts." Journal of Law, Economics, & Organization 18, no. 1: 221-277.
   Google Scholar
• National Bureau of Statistics of China, Zhongguo tongji nianjian (China Statistical Yearbook). various years. Beijing: Zhongguo tongji chubanshe.
   Google Scholar
• National Bureau of Statistics of China. 2005. Zhongguo jingji pucha nianjian 2004 (China Economic Census Yearbook). Beijing: Zhongguo tongji chubanshe.
   Google Scholar
• National Bureau of Statistics of China. 2009. Zhongguo jingji pucha nianjian 2008 (China Economic Census Yearbook). Beijing: Zhongguo tongji chubanshe.
   Google Scholar
• National Bureau of Statistics of China. various years. Zhongguo gongye jingji tongji nianjian (China Industry Economy Statistical Yearbook. Beijing: Zhongguo tongji chubanshe.
   Google Scholar
• Nilsen, J. H. 2002. "Trade Credit and the Bank Lending Channel of Monetary Transmission." Journal of Money, Credit, and Banking 34, no. 1: 226-253.
   Google Scholar
• Özlü, P., and C. Yalçın. 2012. "The Trade Credit Channel of Monetary Policy Transmission: Evidence from Nonfinancial Manufacturing Firms in Turkey." Emerging Markets Finance & Trade 48, no. 4: 102-117.
   Google Scholar
• Petersen, M. A., and R. G. Rajan. 1997. "Trade Credit: Theories and Evidence." Review of Financial Studies 10, no. 3: 661-691.
   Google Scholar
• Peyton, K., and A. Belasen. 2012. "Corruption in Emerging and Developing Economies: Evidence from a Pooled Cross-Section." Emerging Markets Finance & Trade 48, no. 2: 29-43.
   Google Scholar
• Roodman, D. 2008. "How to Do Xtabond2: An Introduction to ‘Difference’ and ‘System’ GMM in Stata." Working Paper no. 103, Center for Global Development, Washington, DC.
   Google Scholar
• Roodman, D. 2009. "A Note on the Theme of Too Many Instruments." Oxford Bulletin of Economics and Statistics 71, no. 1: 135-158.
   Google Scholar
• Talavera, O.; L. Xiong; and X. Xiong. 2012. "Social Capital and Access to Bank Financing: The Case of Chinese Entrepreneurs." Emerging Markets Finance & Trade 48, no. 1: 55-69.
   Google Scholar
• Van Horen, N. 2004. "Trade Credit as a Competitiveness Tool; Evidence from Developing Countries." MPRA Paper no. 2792, University Library, Munich.
   Google Scholar
• Windmeijer, F. 2005. "A Finite Sample Correction for the Variance of Linear Efficient Two-Step GMM Estimators." Journal of Econometrics 126, no. 1: 25-51.
   Google Scholar