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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...
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China. Using a large sample of firm-level financial data and country level economic data over the period 2004-2015, present … concludes that firms suffering from under- (over-) investment problem due to financing constraints (agency problem), are more … study has demonstrated a novel approach by concurrently incorporating the monitoring and financing issues that disturb the …
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