Study of Efficiency of Bank finance in China: Compared with Alternative finances
| Project/Area Number |
26380296
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Economic policy
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| Research Institution | Kyoto University |
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Principal Investigator |
Yano Go 京都大学, 経済学研究科, 教授 (90314830)
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| Project Period (FY) |
2014-04-01 – 2017-03-31
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| Project Status |
Completed (Fiscal Year 2016)
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| Budget Amount *help |
¥4,680,000 (Direct Cost: ¥3,600,000、Indirect Cost: ¥1,080,000)
Fiscal Year 2016: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2015: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
Fiscal Year 2014: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
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| Keywords | 経済発展 / 開発金融 / 銀行 / 企業間信用 / 中国 / 内部資金 |
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| Outline of Final Research Achievements |
First, econometric analysis using province and city-level panel data shows that bank finance is more able to promote private sector in coastal area with more developed economy. Second, econometric analysis using firm-level micro data finds that receiving more bank loans improves productivity and performance of private firms while it has negative impact on performance of state-owned firms. Third, it is suggested that stronger political connection enables state-owned firms to get access to more bank loans while similar observation cannot be obtained for private firms.
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Report
(4 results)
Research Products
(18 results)
