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Effect of foreign ownership on cost of borrowing
This article draws upon a sample of more than 27,000 Chinese small and medium-sized enterprises (SMEs) to explore whether and how foreign equity investment in local SMEs affects the cost of debt. The results show that foreign ownership lowers the cost of borrowing for Chinese SMEs, and that this eff...
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| Format: | Article |
| Language: | English |
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2014
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