{"id":"https://openalex.org/W7225791240","doi":"https://doi.org/10.1111/acfi.70310","title":"Government\u2010Certified Information and Bank Lending to SMEs : Evidence From China's Innovation Points System","display_name":"Government\u2010Certified Information and Bank Lending to SMEs : Evidence From China's Innovation Points System","publication_year":2026,"publication_date":"2026-11-11","ids":{"openalex":"https://openalex.org/W7225791240","doi":"https://doi.org/10.1111/acfi.70310"},"language":"en","primary_location":{"id":"doi:10.1111/acfi.70310","doi":"https://doi.org/10.1111/acfi.70310","is_oa":false,"landing_page_url":"https://doi.org/10.1111/acfi.70310","pdf_url":null,"source":{"id":"https://openalex.org/S4210171597","display_name":"Accounting and Finance","issn_l":"0810-5391","issn":["0810-5391","1467-629X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Accounting & Finance","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5080963800","display_name":"ZiShuai Wang","orcid":"https://orcid.org/0000-0002-0187-8769","observed_orcids":["https://orcid.org/0000-0002-0187-8769"]},"institutions":[{"id":"https://openalex.org/I158934434","display_name":"Zhongnan University of Economics and Law","ror":"https://ror.org/04yqxxq63","country_code":"CN","type":"education","lineage":["https://openalex.org/I158934434"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Zishuai Wang","raw_affiliation_strings":["School of Finance Zhongnan University of Economics and Law  Wuhan China"],"raw_orcid":"https://orcid.org/0000-0002-0187-8769","affiliations":[{"raw_affiliation_string":"School of Finance Zhongnan University of Economics and Law  Wuhan China","institution_ids":["https://openalex.org/I158934434"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5073552158","display_name":"\u90ed\u5143\u901a","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I158934434","display_name":"Zhongnan University of Economics and Law","ror":"https://ror.org/04yqxxq63","country_code":"CN","type":"education","lineage":["https://openalex.org/I158934434"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Yuantong Guo","raw_affiliation_strings":["School of Public Finance and Taxation Zhongnan University of Economics and Law  Wuhan China"],"raw_orcid":"https://orcid.org/0009-0008-2610-4840","affiliations":[{"raw_affiliation_string":"School of Public Finance and Taxation Zhongnan University of Economics and Law  Wuhan China","institution_ids":["https://openalex.org/I158934434"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I158934434"],"apc_list":{"value":3470,"currency":"USD","value_usd":3470},"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9833999872207642,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9833999872207642,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.0026000000070780516,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12851","display_name":"Firm Innovation and Growth","score":0.002400000113993883,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.7206000089645386},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.6798999905586243},{"id":"https://openalex.org/C2993078247","wikidata":"https://www.wikidata.org/wiki/Q182076","display_name":"Bank credit","level":2,"score":0.6377000212669373},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.5220999717712402},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.4740000069141388},{"id":"https://openalex.org/C3020318244","wikidata":"https://www.wikidata.org/wiki/Q4812187","display_name":"Large sample","level":2,"score":0.39899998903274536},{"id":"https://openalex.org/C137577040","wikidata":"https://www.wikidata.org/wiki/Q431965","display_name":"Information asymmetry","level":2,"score":0.37450000643730164},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3723999857902527},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3646000027656555},{"id":"https://openalex.org/C180198813","wikidata":"https://www.wikidata.org/wiki/Q121182","display_name":"Information system","level":2,"score":0.3269999921321869},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.3160000145435333},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.28949999809265137},{"id":"https://openalex.org/C2983734796","wikidata":"https://www.wikidata.org/wiki/Q848507","display_name":"Commercial bank","level":2,"score":0.275299996137619},{"id":"https://openalex.org/C2986226071","wikidata":"https://www.wikidata.org/wiki/Q22687","display_name":"Banking industry","level":2,"score":0.26989999413490295},{"id":"https://openalex.org/C68842666","wikidata":"https://www.wikidata.org/wiki/Q1070699","display_name":"Credit history","level":2,"score":0.263700008392334},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2612000107765198},{"id":"https://openalex.org/C121017731","wikidata":"https://www.wikidata.org/wiki/Q11661","display_name":"Information technology","level":2,"score":0.26100000739097595}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1111/acfi.70310","doi":"https://doi.org/10.1111/acfi.70310","is_oa":false,"landing_page_url":"https://doi.org/10.1111/acfi.70310","pdf_url":null,"source":{"id":"https://openalex.org/S4210171597","display_name":"Accounting and Finance","issn_l":"0810-5391","issn":["0810-5391","1467-629X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Accounting & Finance","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":27,"referenced_works":["https://openalex.org/W188326880","https://openalex.org/W2005294649","https://openalex.org/W2050999170","https://openalex.org/W2054453322","https://openalex.org/W2059952495","https://openalex.org/W2063420981","https://openalex.org/W2068624556","https://openalex.org/W2111504671","https://openalex.org/W2162926137","https://openalex.org/W2943908192","https://openalex.org/W2969223669","https://openalex.org/W2979586175","https://openalex.org/W2981691127","https://openalex.org/W3014107711","https://openalex.org/W3113269512","https://openalex.org/W3122370686","https://openalex.org/W3122976815","https://openalex.org/W3122977891","https://openalex.org/W3209511496","https://openalex.org/W4211141187","https://openalex.org/W4224112629","https://openalex.org/W4232869390","https://openalex.org/W4319789258","https://openalex.org/W4384662964","https://openalex.org/W4386501059","https://openalex.org/W4407182684","https://openalex.org/W4410092796"],"related_works":[],"abstract_inverted_index":{"ABSTRACT":[0],"This":[1],"paper":[2],"examines":[3],"whether":[4],"government\u2010certified":[5,82],"information":[6,64,83],"improves":[7,84],"SMEs'":[8],"access":[9],"to":[10,31,51],"bank":[11,46],"credit.":[12],"Using":[13],"China's":[14],"Innovation":[15],"Points":[16],"System":[17],"(IPS)":[18],"as":[19],"a":[20,24,35],"quasi\u2010natural":[21],"experiment":[22],"and":[23,69,93],"panel":[25],"of":[26,87],"2128":[27],"SMEs":[28],"from":[29],"2016":[30],"2023,":[32],"we":[33],"employ":[34],"staggered":[36],"difference\u2010in\u2010differences":[37],"design.":[38],"We":[39],"find":[40],"that":[41,81],"IPS":[42],"significantly":[43],"increases":[44],"firms'":[45],"borrowing":[47],"by":[48],"7.58%":[49],"relative":[50],"the":[52,74,79],"sample":[53],"mean.":[54],"The":[55],"effect":[56],"is":[57],"stronger":[58,70],"for":[59],"firms":[60],"with":[61,78],"greater":[62],"bank\u2010firm":[63],"asymmetry,":[65],"weaker":[66],"financial":[67],"profiles,":[68],"innovation":[71],"capacity.":[72],"Overall,":[73],"results":[75],"are":[76],"consistent":[77],"view":[80],"lenders'":[85],"assessment":[86],"borrowers,":[88],"thereby":[89],"reducing":[90],"credit":[91,95],"frictions":[92],"enhancing":[94],"allocation.":[96]},"counts_by_year":[],"updated_date":"2026-11-12T12:28:57.059296","created_date":"2026-11-12T00:00:00"}