Chinese listed companies with single-large-shareholder ownership struggle to secure loans.
The study looked at how different types of ownership structures in Chinese listed companies affect their ability to get loans from banks. They found that companies with a single large shareholder don't necessarily have an advantage in getting loans compared to companies with other ownership structures. Laws have a positive impact on credit loans, but a negative impact on mortgage and secured loans. Competition in the product market has a positive effect on bank loans.