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FINANCE AND ENTERPRISE PERFORMANCE: DOES ETHNICITY MAKE A DIFFERENCE?

Junfang Sun & Go Yano

Hitotsubashi Journal of Economics2015https://doi.org/10.15057/27596article
ABDC B
Weight
0.34

Abstract

Using 2004-2007 firm-level micro data for enterprises in Xinjiang Uygur Autonomous Region of China, we investigate the relative importance of bank loans and trade credit in promoting enterprise performance. We find statistical evidence that access to bank loans plays a significant role in improving enterprise productivity, but it has a significantly negative impact on profitability; the result continues to hold when taking into account the ethnicity effect. Moreover, there is no evidence of an ethnicity gap for the effect of receiving bank loans on enterprise performance. We also cannot find strong evidence that trade credit influences productivity or profitability.

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https://doi.org/https://doi.org/10.15057/27596

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@article{junfang2015,
  title        = {{FINANCE AND ENTERPRISE PERFORMANCE: DOES ETHNICITY MAKE A DIFFERENCE?}},
  author       = {Junfang Sun & Go Yano},
  journal      = {Hitotsubashi Journal of Economics},
  year         = {2015},
  doi          = {https://doi.org/https://doi.org/10.15057/27596},
}

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Evidence weight

0.34

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.