主题｜Topic：Credit Card Use and Small Business Finance: Evidence from China
时间｜Time：4月20号（周五）｜April 20 (Friday),2：00 - 5：00 PM
地点｜Venue：文波208｜208，WENBO
主讲｜Speaker
荣昭老师现为南京审计大学城市发展研究院副教授。毕业于美国佛罗里达国际大学，获经济学博士学位。曾任西南财经大学经济与管理研究院副教授、博士生导师。相关研究成果发表于《经济学（季刊）》、《金融研究》、《管理世界》、Small Business Economics、Research Policy、Emerging Market Review、Journal of Housing Economics、European Financial Management、Eurasian Geography and Economics、China Economic Review、China Agricultural Economic Review等国内外学术期刊上。
研究领域｜Research Interests
Enterprise Innovation, Corporate Finance，Chinese Economy
摘要｜Abstract
Resources from formal finance (here credit card lines) can be reallocated to finance small businesses, which are supposed to be less accessible to formal finance. By examining small businesses in China, we provide direct evidence on such a reallocation. We find that households with informal small businesses are more likely to use credit cards when their businesses are credit constrained. We further find that this effect is more pronounced when credit card density is higher in the community, when the owner holds urban hukou, when the owner is more financially knowledgeable, and when the business is more aged. Additionally, this effect also exists among formal small businesses, and it is significant not only at the extensive margin but also at the intensive margin. Last, we find that credit card access enhances informal small businesses’ subsequent survival rates.
