|Title: Property Rights Protection and Access to Bank Loans: Evidence from Private Enterprises in China|
|Reference Number: 1142|
|Publication Date: August 2005|
|JEL Classifcation: D23, O16, and P23|
| Author(s): |
Poor protection of private properties – manifested in the risks of expropriation and discrimination – has limited the access to bank loans by private enterprises in developing and transition economies. Under those circumstances, private entrepreneurs have resorted to ingenious ways of enhancing the de facto protection of private properties through political participation and philanthropic activities. Using a data set of 3,073 private enterprises in China, this paper empirically investigates the effects of formal and de facto property rights protection on the access to bank loans.
Published in Economics of Transition 14:4 (2006), pp. 611-628.
Key words: access to bank loans, private enterprises, property rights protection
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