Du, Jun, Guariglia, Alessandra and Newman, Alexander (2015). Do social capital building strategies influence the financing behavior of Chinese private small and medium-sized enterprises? Entrepreneurship Theory and Practice, 39 (3), pp. 601-631.
Abstract
Using data from 65,485 Chinese private small and medium-sized enterprises over the period 2000-2006, we examine the extent to which firms can improve access to debt by adopting strategies aimed at building social capital, namely entertaining and gift giving to others in their social network, and obtaining political affiliation. We find that although entertainment and gift-giving expenditure leads to higher levels of total and short-term debt, it does not enable firms to obtain greater long-term debt. In contrast, we demonstrate that obtaining political affiliation allows firms greater access to long-term debt.
Publication DOI: | https://doi.org/10.1111/etap.12051 |
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Divisions: | College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship College of Business and Social Sciences > Aston Business School |
Additional Information: | This is the peer reviewed version of the following article: Du, J., Guariglia, A., & Newman, A. (2015). Do social capital building strategies influence the financing behavior of Chinese private small and medium-sized enterprises?. Entrepreneurship theory and practice, 39(3), 601-631, which has been published in final form at http://dx.doi.org/10.1111/etap.12051]. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving. |
Uncontrolled Keywords: | Business and International Management,Economics and Econometrics |
Publication ISSN: | 1540-6520 |
Last Modified: | 06 Aug 2024 07:20 |
Date Deposited: | 23 Jul 2013 08:06 |
Full Text Link: |
http://onlineli ... .12051/abstract |
Related URLs: |
http://www.scop ... tnerID=8YFLogxK
(Scopus URL) |
PURE Output Type: | Article |
Published Date: | 2015-05 |
Published Online Date: | 2013-07-07 |
Authors: |
Du, Jun
(![]() Guariglia, Alessandra Newman, Alexander |