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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
The rapid growth of local SOEs in China largely depends on high leverage, thus local governments and their SOEs will …
Persistent link: https://www.econbiz.de/10014516100
This research examines the linkages between trade, financial openness, and economic growth in China from 1992 to 2021 … results confirm the validity of export-led growth and the supply-leading hypotheses in China. Moreover, China's broad money is … output-oriented, and the significance of exports to China's economy is supported by the influence of real income and imports …
Persistent link: https://www.econbiz.de/10014516609
The problem of zombie enterprises originated in Japan's bubble economy around 1990. Afterward, after China's oversupply … enterprises in China generally performed poorly from 2007 to 2016, and even some steel enterprises had negative operating profits … operation of the enterprise and the capital or financial market in the listed steel industry in China. …
Persistent link: https://www.econbiz.de/10014516617
Combined with data from the Broadband China pilots, panel data on financial fraud in prefecture-level cities from China … bias of Broadband China pilot cities and the reporting effect of the internet. Furthermore, the trust effect is an …
Persistent link: https://www.econbiz.de/10014516624
This study analyzes how export duration affects firms' export product quality. On the basis of Chinese firms' micro data, we find that export duration has a significantly positive effect on the export product quality of firms by promoting their productivity and innovation ability. This study...
Persistent link: https://www.econbiz.de/10014516627
prominent for firms facing intense product market competition, firms with more financial constraints, and firms located in lower …
Persistent link: https://www.econbiz.de/10014516628
Persistent link: https://www.econbiz.de/10015357597
institutions to assess firm credit risk. Based on the data of listed companies in China, a two-way fixed effects model is applied …
Persistent link: https://www.econbiz.de/10015195278
The Belt and Road Initiative (BRI) is a key component of China's future international trading network. Through the Suez … Canal (SC), the Maritime Silk Road Initiative (MSRI) links China to other parts of Asia, Africa, and Europe, making it a … Function to account for the interaction effect of the variables. Model results show that China's seaborne trade will increase …
Persistent link: https://www.econbiz.de/10015195295