search query: @indexterm FINANCIAL CONTROL / total: 379
reference: 32 / 379
| Author: | Zhou, Yean |
| Title: | A positive study of the influence of financial restraints on Chinese enterprises' ability to collect and circulate funds (original in Chinese) |
| Journal: | Economic Research Journal (c)
1999 : 2, p.13-20,48 |
| Index terms: | FINANCIAL CONTROL CHINA |
| Language: | chn |
| Abstract: | The author makes a positive analysis of the influences of Chinese Government's financial restraint policy on enterprises' ability to collect and circulate funds. The result shows that control of interest rate, price and quantity discriminations in the credit market have resulted in such phenomena as excessive debt, inverse choice and rent seeking in enterprises, which wastes credit resources. Meanwhile, the administrative control of the capital market has increased the costs of enterprises in directly collecting and circulating funds, done harm to investors' interests and weakened the governing mechanism outside enterprises. Both kinds of restrictions on market also hinder growth of the non-State-owned sectors. |
SCIMA