Banking system reform, earnings quality and credit allocation

• 作者: Lianjun Li Xiuli Zhu Yunkui Xue
• 来源期刊: 中国会计学刊：英文版
• 学科: 经济
• 关键词: BANKING system REFORM OWNERSHIP EARNINGS QUALITY C
• 年，卷（期）: 2012,（3）
• 页码范围: 217-229
• 页数: 13页
• 分类号: F832.2

摘要

This paper investigates credit allocation before and after the 2003 banking system reform in China. We find that relationships between earnings quality and new short-term loans, long-term loans and total loans in listed companies changed significantly after the banking system reform, especially in stateowned listed companies. Further investigation shows that due to the influence of rent-seeking, banks have eased the earnings requirements of non-stateowned listed companies. These findings enhance our understanding of the economic consequences of the banking system reform and of credit discrimination under the new regime.