Does the Source of Finance Matter for Firm Growth? Evidence from China

Jun Du () and Sourafel Girma

Discussion Papers from University of Nottingham, GEP

Abstract: Using a comprehensive micro dataset spanning the period 1998-2005, this paper provides a systematic investigation of the relationship between financial structure and firm growth in China, controlling for the endogeneity of the former. It finds that financial structure does matter for firm growth in China, although this does not tell the whole story. The relative importance of the different financing sources depends on firm ownership and growth channel.

Keywords: China; finance; growth (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:not:notgep:07/39

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