Abstract
Financing is undoubtedly significant for the survival and development of private enterprises in China. In transitional economy, private enterprises, compared with state-owned enterprises or collective enterprises, are often difficult to get formal financial support in terms of credit and loan to overcome their liability of newness, so informal guanxi network plays an important role in enterprises‘ financing. In the light of social capital theory, this paper proposes a model about relationship types, bank credit, and private new venture performance, discussing how the two types of relationship influence bank loans characteristics and describing the relating significance for enterprises‘ performance.
Be supported by the Fund Project: National Natural Science Fund (70772087), National Special Fund for Basic Scientific Research in Colleges and Universities (DUT10ZD107; DUT10RW107).
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Romer: Increasing Returns and Long-Run Growth (1986)
Schumpeter: The Theory of Economic Development (1934)
Granovetter: Economic Action and Social Structure: The Problem of Embeddedness. American Journal of Sociology 91
Gurley, J.G., Shaw, E.S.: Money in a Theory of Finance. Brookings Institution, Washington, DC (1960)
Leland, H.E., Pyle, D.H.: Information Asymmetries, Financial structure and Financial Intermediation. Journal of Finance (32), 371–387 (1977)
Diamond, D.: Financial intermediation and delegated monitoring. Review of Economic Studies 51, 393–414 (1984)
Berlin, M., Mester: On the profitability and cost of relationship lending. Journal of Banking and Finance 22, 873–8981 (1998)
Boisolt, M., Child, J.: From fiefs to clans and network capitalism: explaining China’s emerging economic order. Administrative Science Quarterly 41(4), 600–628 (1996)
Jacobs: The concept of guanxi and local politics in a rural Chinese cultural settings. In: Greenblatt, S.L., Wilson, R.W., Wlson, A.A. (eds.) Social Interaction in a Chinese Society, pp. 209–236. Praeger, New York (1979)
Tsui, A.S., Farh, J.L.: Where guanxi matters: relational demography and guanxi in the Chinese context. Work and Occupations 24(1), 56–79 (1997)
Shane, S., Cable, D.: Networkties, reputation, and the financing of new ventures. Management Science 48, 364–381; Johannisson, B.: The Dynamics of Entrepreneurial Networks. In: Reynolds, et al. (eds.) 2002 Frontiers of Entrepreneurship Research. Babson College (1996)
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2011 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Jinling, L., Qingwei, L., Yanxi, L. (2011). The Effects of Guanxi Categorie on Bank Credit. In: Zhang, J. (eds) Applied Informatics and Communication. ICAIC 2011. Communications in Computer and Information Science, vol 226. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-23235-0_21
Download citation
DOI: https://doi.org/10.1007/978-3-642-23235-0_21
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-23234-3
Online ISBN: 978-3-642-23235-0
eBook Packages: Computer ScienceComputer Science (R0)