The financing of small firms in Beijing, China: exploring the extent of credit constraints

The financing of small firms in Beijing, China: exploring the extent of credit constraints
Document type
Wang, Jia; Robson, Paul; Freel, Mark
Date of publication
1 January 2015
Journal of Business Enterprise and Develeopment. Vol. 22; Number 3
Business & management history: including the development of management thought
Business and management
Material type

This item is only available to registered users

Register now or Log in

Your use of this content is subject to the terms and conditions of this portal

This paper is about small and medium enterprises in Beijing. Its purpose  is to utilise a sample of 384 small and medium-sized enterprises (SMEs) who applied for external finance in the Beijing area of China to investigate the characteristics of firms against the amount of external finance sought, the amount received, and the proportion of external finance which was received from the sought finance. The authors used a survey of SMEs in Beijing, China, administered between July and December 2007. Overall, the authors found that there is little evidence in the sample of Chinese SMEs that innovative firms face discrimination from providers of credit. However, where innovation is measured by inputs, providers of credit appear less comfortable. Three other factors were more important but statistically significant at the 5 per cent level. For example, exporters were less likely to receive a greater proportion of their sought finance; and manufacturing firms were more likely than service sector firms, and limited liability companies were more likely than extended sole proprietorship firms to obtain a greater proportion of the external finance which they sought.

Related to Business & management history: including the development of management thought

A Drucker miscellany

This self-published book is the third in a series of three publications about Peter Drucker’s key ideas and contributions…

Strategic trade policy, competition and welfare: the case of voluntary export restraints between Britain and Japan (1971–2002)

This discussion paper evaluates the voluntary export restraint (VER) placed on Japanese automobile exports from 1977 to 1999…

Strategies for marketing diamonds in China from the perspective of international diamond SMEs compared to the west

An article about the Chinese diamond industry, which is dominated by Small and Medium Enterprises (SMEs). The purpose of…

The historical evolution of employee engagement and self-efficacy constructs: an empirical examination in a non-western country

The aim of this paper is to highlight the historical roots of employee engagement and empirically examine the influence of…

More items related to this subject

Related to Emerald

Specialized entrepreneurship education: does it really matter? Fresh evidence from Pakistan

Downloadable article on the effectiveness of entrepreneurship education

Willingness to pay for innovations:

This article is about consumer value and the related consumer willingness to pay (WTP) for innovations.The purpose of this paper is to examine the impact of national culture and globalization

Transformational leadership in leading young innovators: a subordinate's perspective

This paper is about leadership styles. In particular, it investigates what kind of leadership young innovators favour.Leadership preferences are studied in the context of transformational leadership

Business model configurations: a five-V framework to map out potential innovation routes

This article is about business model (BM) innovation. It starts from the premise that managers - according to the authors - still lack appropriate frameworks and tools to support them in updating their

More items related to this publisher