Showing 1 - 10 of 5,122
Persistent link: https://www.econbiz.de/10013494357
Persistent link: https://www.econbiz.de/10012202074
Persistent link: https://www.econbiz.de/10010510648
What explains the sharp increase in the Chinese economy’s indebtedness, in particular the China’s onshore corporate debt? Has the overall debt burden reached a threshold where it poses a systemic risk, thereby making the economy vulnerable to a “Lehman Moment” - with disorderly unwinding...
Persistent link: https://www.econbiz.de/10011572841
Persistent link: https://www.econbiz.de/10014463325
Corporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase in investment after the Global Financial Crisis. Investment efficiency has fallen and the financial performance of corporates has deteriorated steadily, affecting asset quality...
Persistent link: https://www.econbiz.de/10011715497
Nonviable 'zombie' firms have become a key concern in China. Using novel firm-level industrial survey data, this paper illustrates the central role of zombies and their strong linkages with stateowned enterprises (SOEs) in contributing to debt vulnerabilities and low productivity. As a group,...
Persistent link: https://www.econbiz.de/10011763820
Corporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase in investment after the Global Financial Crisis. Investment efficiency has fallen and the financial performance of corporates has deteriorated steadily, affecting asset quality...
Persistent link: https://www.econbiz.de/10012977762
China's corporate insolvency law regime was in a state of transition for a relatively long period of time, with the … inadequacy of China's existing insolvency law become especially clear after China's accession to the World Trade Organization …'s insolvency law regime and examines whether the proposed reforms would assist China in dealing with these inadequacies and help to …
Persistent link: https://www.econbiz.de/10013157632
This paper examines the relationship between corporate debt and firm productivity. We add to the existing literature by investigating the contingency effect of institutional quality in the corporate debt-productivity nexus. Using data for 2,084 Chinese listed firms, we find that corporate debt...
Persistent link: https://www.econbiz.de/10014515968