Financial frictions, capital misallocation, and total factor productivity : evidence from China

Weiguo Xiao, Qi Deng, Wei Yuan and Naiqian Wu

Year of publication:	2023
Authors:	Xiao, Weiguo ; Deng, Qi ; Yuan, Wei ; Wu, Naiqian
Subject:	capital misallocation \| credit constraints \| Financial frictions \| heterogeneous financing costs \| total factor productivity \| China \| Produktivität \| Productivity \| Liquiditätsbeschränkung \| Liquidity constraint \| Produktivitätsentwicklung \| Productivity change \| Unternehmensfinanzierung \| Corporate finance \| Kreditrationierung \| Credit rationing \| Allokation \| Allocation \| Allokationseffizienz \| Allocative efficiency

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