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YANG, KEMING (2) answer(s).
 
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1
ID:   081759


Entrepreneurship in China / Yang, Keming 2007  Book
Yang, Keming Book
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Publication Hampshire, Ashgate Publishing Limited, 2007.
Description xii, 247p.
Standard Number 9780754646686
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Copies: C:1/I:0,R:0,Q:0
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053440338.040951/YAN 053440MainOn ShelfGeneral 
2
ID:   157297


Price of informality: how informal finance schemes defaulted in China, 1989–2015 / Yang, Keming; Lin, Liqiong   Journal Article
Yang, Keming Journal Article
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Summary/Abstract The default of a large number of informal finance schemes in China has caused enormous financial losses, and therefore has potential social and political significance. Analysing 354 defaulted schemes from 1989 to 2015, this study defines how they differ from other types of informal finance. It also produces an ideal-type representation of the default process and concludes that the default results from greed, increasing financial pressure at the individual level and private enterprises’ restricted access to state bank loans at the institutional level. China’s financial system should be more flexible in order to prevent further financial losses through informal financial relations.
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