Social Capital and Access to Bank Financing: The Case of Chinese Entrepreneurs

被引:60
作者
Talavera, Oleksandr [1 ]
Xiong, Lin [2 ]
Xiong, Xiong [3 ]
机构
[1] Univ E Anglia, Sch Econ, Norwich NR4 7TJ, Norfolk, England
[2] Robert Gordon Univ, Aberdeen Business Sch, Aberdeen AB9 1FR, Scotland
[3] Tianjin Univ, Sch Management, Tianjin 300072, Peoples R China
基金
中国国家自然科学基金;
关键词
China; entrepreneurs; social capital; POLITICAL CONNECTIONS; GROWTH; PERFORMANCE; DETERMINANTS; ENTERPRISES; CONSTRAINTS; TRANSITION; NETWORKS; GUANXI;
D O I
10.2753/REE1540-496X480103
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper presents the results of a study of the effects of social capital on access to bank financing. Based on a Chinese nationwide survey, our analysis suggests that entrepreneurs who contribute to charities are more likely to be successful in loan applications. In addition, we find that political party membership is an important determinant of state-owned bank financing, whereas time spent on social activities increases the probability of obtaining loans from commercial banks. Therefore, our data provide some evidence for substitutability between various types of social capital. To obtain a loan from a specific type of bank, an entrepreneur should access the relevant social network.
引用
收藏
页码:55 / 69
页数:15
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