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dc.contributor.authorGuariglia, Alessandraen_US
dc.contributor.authorLiu, Xiaoxuanen_US
dc.contributor.authorSong, Linaen_US
dc.date.accessioned2008-11-11en_US
dc.date.accessioned2010-07-07T11:54:06Z-
dc.date.available2010-07-07T11:54:06Z-
dc.date.issued2008en_US
dc.identifier.piurn:nbn:de:101:1-20081126830en_US
dc.identifier.urihttp://hdl.handle.net/10419/35627-
dc.description.abstractDoes the availability of internal finance constrain firm growth? Or does it foster it? To answer these questions, we use a panel of 407,096 Chinese firms over the period 2000-2005. We estimate dynamic assets growth equations augmented with cash flow, and find that the growth of state owned enterprises is not affected by cash flow, while that of privately owned firms is most affected. Considering that they represent 62% of the observations in our sample and that, in spite of being typically discriminated against by financial institutions, private firms have experienced sensational growth rates, our results suggest that internal finance has fostered rather than constrained their growth.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA discussion papers 3808en_US
dc.subject.jelD92en_US
dc.subject.ddc330en_US
dc.subject.keywordAssets growthen_US
dc.subject.keywordcash flowen_US
dc.subject.keywordfinancial constraintsen_US
dc.subject.stwUnternehmensfinanzierungen_US
dc.subject.stwSelbstfinanzierungen_US
dc.subject.stwVerschuldungsrestriktionen_US
dc.subject.stwUnternehmenswachstumen_US
dc.subject.stwChinaen_US
dc.titleInternal finance and growth: microeconometric evidence on Chinese firmsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn584698879en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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