Poverty reduction is a hot topic in current research. Using a sample of listed enterprises in China, this paper investigates whether firms participate in targeted poverty relief project can reduce debt financing costs. The study finds that such participation effectively reduces debt financing...

By employing data from the China Household Finance Survey spanning from 2011 to 2019, we examine the impact of low interest rate policies on household behavior. Our findings suggest that Chinese households tend to exhibit reaching-for-yield behavior by increasing their allocation of risky assets...

This study investigates whether and how organization capital affects corporate financial constraints faced by Chinese small- and medium-sized enterprises (SMEs). Using SMEs listed on the Shenzhen Stock Exchange from 2001 to 2019, we find that organization capital significantly alleviates...