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Are China's Financial Reforms Leaving the Poor Behind - Harvard ...

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Table 11Changes in Governance between 1994 and 1997Loan Authorization Bonus Collateral Gov’t Pressure Rep. RequirementsIncome, 1994 1.633(1.62)2.300(1.81-1.014(-2.57)-1.062(-3.0210.79(2.58)5.12(1.130.389(2.45)0.106(0.840.028(1.54)0.074(1.7)Loan Authorization, 1994 -0.714(-7.06Bonus, 1994 -0.488(-1.82)Loans w/ Collateral, 1994 -0.377(-3.71Gov’t Pressure, 1994 -0.349(-4.49)Rep. Requirements, 1994 -0.363(-2.80)Non-perf. Loans in 1994 2.33(1.47)0.844(1.65)-25.94(-1.01)-1.05(-1.47)0.276(1.36)Number of observationsR 2 73 69 25 25 47 45 92 84 94 800.11 0.52 0.26 0.48 0.10 0.30 0.06 0.27 0.01 0.3145

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