Market Efficiency of Collective Bonds for Small- and Medium-Sized Enterprises in China

Anhua Yang, Kun Li and Guangbin Bai

Chinese Economy, 2013, vol. 46, issue 6, 67-79

Abstract: Collective bonds are innovative financial instruments issued in some of China's high-tech development zones to solve the financing dilemma of small- and medium-sized enterprises (SMEs). This article creates a credit model with which to analyze the operating mechanism and inherent laws of collective bonds and to answer the following questions from the point of view of quantification: Can SME collective bonds improve financing efficiency? How do they improve financing efficiency? What are the extent and requirements of improved financing efficiency? The article provides a theoretical basis for the development of SME collective bonds in China

Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
http://mesharpe.metapress.com/link.asp?target=contribution&id=2517064738L78H6G (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:chinec:v:46:y:2013:i:6:p:67-79

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MCES20

Access Statistics for this article

More articles in Chinese Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().