Wu, Weiyu; Lin, Xiaoyan - In: International Journal of Financial Studies : open … 13 (2025) 2, pp. 1-27
Information asymmetry between banks and enterprises in the credit market is essentially the microfoundation of financial risk generation. The frequent occurrence of corporate debt defaults, mainly due to the behavior of short-term debt for long-term use (hereinafter referred to as "SDLU"),...