Multinationals, Access to Finance and the Exports of Private Firms in China

27 Pages Posted: 4 Mar 2008

See all articles by Jun Du

Jun Du

Aston University, Aston Business School, Economics and Strategy

Sourafel Girma

Nottingham University Business School

Date Written: January 2008

Abstract

Using a rich panel data set, we provide a rigorous analysis of the relationship between access to external finance, foreign direct investment and the exports of private enterprises in China. We conclude that, in order to foster the exports of indigenous enterprises, the elimination of financial discrimination against private firms is likely to be a more effective policy tool than the reliance on spillovers from multinational firms.

Keywords: FDI, export, finance, endogenous Tobit model

JEL Classification: F23, G28, C24

Suggested Citation

Du, Jun and Girma, Sourafel, Multinationals, Access to Finance and the Exports of Private Firms in China (January 2008). Available at SSRN: https://ssrn.com/abstract=1101400 or http://dx.doi.org/10.2139/ssrn.1101400

Jun Du

Aston University, Aston Business School, Economics and Strategy ( email )

Aston Triangle
Birmingham, B4 7ET
United Kingdom
004401212043340 (Phone)

HOME PAGE: http://www.abs.aston.ac.uk/newweb/staff/detail.asp/sfldStaffID=A0000717

Sourafel Girma (Contact Author)

Nottingham University Business School ( email )

Jubilee Campus
Nottingham, NG8 1BB
United Kingdom
+44 0 115 8466656 (Phone)

HOME PAGE: http://www.nottingham.ac.uk/~lizsmg/

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