@article{oai:yamagata.repo.nii.ac.jp:00001164,
 author = {山口, 昌樹},
 issue = {2},
 journal = {山形大学紀要. 社会科学 = Bulletin of Yamagata University. Social Science},
 month = {Feb},
 note = {論文(Article), Abstract: This paper studies the trade credit of Chinese corporations. Previous studies have presented various views on the utilization of trade credit. One study argued that nonstate- owned firms utilized more trade credit than state-owned firms. Meanwhile,  another study suggested that non-state-owned firms depended on informal financing channels rather than on trade credit. What is the actual financing pattern of Chinese corporations? To answer this question，we employ a large database of Chinese corporations and conduct comparative analyses between two groups: state-owned firms and non-state-owned firms. Statistical investigations reveal two findings. First, our empirical results demonstrate a higher utilization of trade credit for state-owned firms in contrast to ap revious study. Second, we conclude that non-state-owned firms rely on informal financing channels due to asymmetric information},
 pages = {1--19},
 title = {Trade Credit of Chinese Corporations : A Comparative Analysis},
 volume = {39},
 year = {2009}
}