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Identifier to cite or link to this item: https://doi.org/10.15057/27596
Identifier to cite or link to this item: https://hdl.handle.net/10086/27596

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Title
FINANCE AND ENTERPRISE PERFORMANCE: DOES ETHNICITY MAKE A DIFFERENCE?
Creator
Creator Name
SUN, JUNFANG SUN, JUNFANG
Affiliation
Affiliation Name
Soochow University
Creator Name
YANO, GO YANO, GO
Affiliation
Affiliation Name
Kyoto University
Key Word
bank loans
trade credit
enterprise performance
ethnic enterprise
Han enterprise
JEL
G32
O17
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.
Publisher
Hitotsubashi University
Issued Date
2015-12
Language
English(eng)
Resource Type
departmental bulletin paper
Version Type
VoR
selfDOI
10.15057/27596
ISSN
0018-280x
NCID
AA00207547
Source Title
Hitotsubashi Journal of Economics
Volume Number
56
Issue Number
2
Page Start
197
Page End
212
Appears in Collections
Vol. 56, no. 2 (Dec. 2015)
URL
https://hdl.handle.net/10086/27596