An Attempt to Profile the Finances of China's Enterprise Sector /

This paper examines the leverage, efficiency, and debt-repayment capacity of the Chinese enterprise sector using aggregate and firm level data. The cash coverage of interest expense, in particular, is used as a bridge between enterprise finances and banks' asset quality in order to develop insi...

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Bibliografski detalji
Glavni autor: Karacadag, Cem
Daljnji autori: Heytens, Paul
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2001.
Serija:IMF Working Papers; Working Paper ; No. 2001/182
Online pristup:Full text available on IMF
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245 1 3 |a An Attempt to Profile the Finances of China's Enterprise Sector /  |c Cem Karacadag, Paul Heytens. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2001. 
300 |a 1 online resource (24 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper examines the leverage, efficiency, and debt-repayment capacity of the Chinese enterprise sector using aggregate and firm level data. The cash coverage of interest expense, in particular, is used as a bridge between enterprise finances and banks' asset quality in order to develop insights on banking soundness. The interest coverage analysis corroborates the high level of nonperforming loans in the financial system. This underscores the urgency of hardening budget constraints on state-owned enterprises and stemming the flow of new bad loans by accelerating ongoing structural reforms. 
538 |a Mode of access: Internet 
700 1 |a Heytens, Paul. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2001/182 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2001/182/001.2001.issue-182-en.xml  |z IMF e-Library