DocumentCode
3157589
Title
Notice of Retraction
Bank credit rationing, entrepreneur´s heterogeneity and credit financing for small and medium-sized enterprises
Author
Dongqin Zhu ; Zhengying Luo
Author_Institution
Dongwu Bus. Sch., Soochow Univ., Suzhou, China
fYear
2011
fDate
8-10 Aug. 2011
Firstpage
5460
Lastpage
5462
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
China´s small and medium-sized enterprises (SMEs) are financially constrained under China´s bank credit rationing system. Using both when a CEO is also the chairman of the board and the shares held by CEO as measures for entrepreneur´s characteristic, this paper explores the effects of entrepreneur heterogeneity on China´s SMEs´ access to bank loans. The empirical results show that when a CEO is also a chairman of the board is unfavorable for SMEs to obtain bank loans and bank credit rationing will further make it more difficult for SMEs to obtain bank loans. In addition, when an entrepreneur holds shares in a firm it will help the firm to obtain bank loans even when the bank credit rationing is serious.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
China´s small and medium-sized enterprises (SMEs) are financially constrained under China´s bank credit rationing system. Using both when a CEO is also the chairman of the board and the shares held by CEO as measures for entrepreneur´s characteristic, this paper explores the effects of entrepreneur heterogeneity on China´s SMEs´ access to bank loans. The empirical results show that when a CEO is also a chairman of the board is unfavorable for SMEs to obtain bank loans and bank credit rationing will further make it more difficult for SMEs to obtain bank loans. In addition, when an entrepreneur holds shares in a firm it will help the firm to obtain bank loans even when the bank credit rationing is serious.
Keywords
credit transactions; small-to-medium enterprises; SME; bank credit rationing system; bank loan; credit financing; entrepreneur heterogeneity; small-and-medium-sized enterprises; Finance; Industries; Profitability; Resource management; Security; Bank credit rationing; Entrepreneur´s heterogeneity; Small and medium-sized enterprises; credit financing;
fLanguage
English
Publisher
ieee
Conference_Titel
Artificial Intelligence, Management Science and Electronic Commerce (AIMSEC), 2011 2nd International Conference on
Conference_Location
Dengleng
Print_ISBN
978-1-4577-0535-9
Type
conf
DOI
10.1109/AIMSEC.2011.6009727
Filename
6009727
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