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Institutional transition and the financing of high-tech SMEs in China: a longitudinal perspective

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Institutional transition and the financing of high-tech SMEs in China: a longitudinal perspective. / Xiao, Li; North, David.
In: Venture Capital: An International Journal of Entrepreneurial Finance, Vol. 14, No. 4, 10.2012, p. 269-287.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Xiao, L & North, D 2012, 'Institutional transition and the financing of high-tech SMEs in China: a longitudinal perspective', Venture Capital: An International Journal of Entrepreneurial Finance, vol. 14, no. 4, pp. 269-287. https://doi.org/10.1080/13691066.2012.688578

APA

Xiao, L., & North, D. (2012). Institutional transition and the financing of high-tech SMEs in China: a longitudinal perspective. Venture Capital: An International Journal of Entrepreneurial Finance, 14(4), 269-287. https://doi.org/10.1080/13691066.2012.688578

Vancouver

Xiao L, North D. Institutional transition and the financing of high-tech SMEs in China: a longitudinal perspective. Venture Capital: An International Journal of Entrepreneurial Finance. 2012 Oct;14(4):269-287. doi: 10.1080/13691066.2012.688578

Author

Xiao, Li ; North, David. / Institutional transition and the financing of high-tech SMEs in China : a longitudinal perspective. In: Venture Capital: An International Journal of Entrepreneurial Finance. 2012 ; Vol. 14, No. 4. pp. 269-287.

Bibtex

@article{cd6bc83e8c2f434a97831f8d14a3ec10,
title = "Institutional transition and the financing of high-tech SMEs in China: a longitudinal perspective",
abstract = "This article examines changes in Chinese high-tech SMEs{\textquoteright} access to both bank and informal finance in response to the institutional changes relating to the private sector and financial transactions. It draws upon two rounds of face-to-face interviews with the owners of high-tech SMEs and finance providers in the Chinese provinces of Guangdong and Guangxi covering two consecutive time periods: from 1998 to 2004 and then from 2004 to 2009. The findings show that the effects of the changes in institutional regulations on the availability of finance to high-tech SMEs vary according to the type of finance provider. Access to informal sources of finance grew, including to longer-term equity finance, whereas that to bank finance did not significantly improve.",
keywords = "institutional transition, access to finance , high-tech SMEs , China",
author = "Li Xiao and David North",
year = "2012",
month = oct,
doi = "10.1080/13691066.2012.688578",
language = "English",
volume = "14",
pages = "269--287",
journal = "Venture Capital: An International Journal of Entrepreneurial Finance",
issn = "1369-1066",
publisher = "Routledge",
number = "4",

}

RIS

TY - JOUR

T1 - Institutional transition and the financing of high-tech SMEs in China

T2 - a longitudinal perspective

AU - Xiao, Li

AU - North, David

PY - 2012/10

Y1 - 2012/10

N2 - This article examines changes in Chinese high-tech SMEs’ access to both bank and informal finance in response to the institutional changes relating to the private sector and financial transactions. It draws upon two rounds of face-to-face interviews with the owners of high-tech SMEs and finance providers in the Chinese provinces of Guangdong and Guangxi covering two consecutive time periods: from 1998 to 2004 and then from 2004 to 2009. The findings show that the effects of the changes in institutional regulations on the availability of finance to high-tech SMEs vary according to the type of finance provider. Access to informal sources of finance grew, including to longer-term equity finance, whereas that to bank finance did not significantly improve.

AB - This article examines changes in Chinese high-tech SMEs’ access to both bank and informal finance in response to the institutional changes relating to the private sector and financial transactions. It draws upon two rounds of face-to-face interviews with the owners of high-tech SMEs and finance providers in the Chinese provinces of Guangdong and Guangxi covering two consecutive time periods: from 1998 to 2004 and then from 2004 to 2009. The findings show that the effects of the changes in institutional regulations on the availability of finance to high-tech SMEs vary according to the type of finance provider. Access to informal sources of finance grew, including to longer-term equity finance, whereas that to bank finance did not significantly improve.

KW - institutional transition

KW - access to finance

KW - high-tech SMEs

KW - China

U2 - 10.1080/13691066.2012.688578

DO - 10.1080/13691066.2012.688578

M3 - Journal article

VL - 14

SP - 269

EP - 287

JO - Venture Capital: An International Journal of Entrepreneurial Finance

JF - Venture Capital: An International Journal of Entrepreneurial Finance

SN - 1369-1066

IS - 4

ER -