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Manaresi, F.A.P., Nicola, 2017. Credit Supply and Productivity Growth.

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Article

Empirical Study on Effect of Credit Constraints on Productivity of Firms in Growth Enterprise Market of China

1Business School of Sichuan University, Chengdu, China


Journal of Finance and Economics. 2018, Vol. 6 No. 5, 173-177
DOI: 10.12691/jfe-6-5-2
Copyright © 2018 Science and Education Publishing

Cite this paper:
Wenchuan Yang. Empirical Study on Effect of Credit Constraints on Productivity of Firms in Growth Enterprise Market of China. Journal of Finance and Economics. 2018; 6(5):173-177. doi: 10.12691/jfe-6-5-2.

Correspondence to: Wenchuan  Yang, Business School of Sichuan University, Chengdu, China. Email: 1533293533@qq.com

Abstract

This paper investigates the effects that credit constraints have on firms’ productivity. The FGLS and OLS estimations are employed as our analysis tool. Then we use the unbalanced panel data of SMEs and innovation-oriented firms listed in the board of Growth Enterprise Market of China from 2001 to 2016 as the validation. In our analysis, the ownership of firm is also taken into consideration. The empirical results show that credit constraints don’t have significant influence on productivity, while the effect actually exists when considering ownership.

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