| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w25795 |
| 来源ID | Working Paper 25795 |
| Rise of Bank Competition: Evidence from Banking Deregulation in China | |
| Haoyu Gao; Hong Ru; Robert Townsend; Xiaoguang Yang | |
| 发表日期 | 2019-05-06 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Using proprietary individual level loan data, this paper explores the economic consequences of the 2009 bank entry deregulation in China. Such deregulation leads to higher screening standards, lower interest rates, and lower delinquency rates for corporate loans from entrant banks. Consequently, in deregulated cities, private firms with bank credit access increase asset investments, employment, net income, and ROA. In contrast, the performance of state-owned enterprises (SOEs) does not improve following deregulation. Deregulation also amplifies bank credit from productive private firms to inefficient SOEs due mainly to SOEs’ soft budget constraints. This adverse effect accounts for 0.31% annual GDP losses. |
| 主题 | Financial Economics ; Financial Institutions ; Industrial Organization ; Regulatory Economics ; Development and Growth ; Growth and Productivity |
| URL | https://www.nber.org/papers/w25795 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583468 |
| 推荐引用方式 GB/T 7714 | Haoyu Gao,Hong Ru,Robert Townsend,et al. Rise of Bank Competition: Evidence from Banking Deregulation in China. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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