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Marketization vs. market chase: Insights from implicit government guarantees
16 references·1 citing·46 second hop
Marketization vs. market chase: Insights from implicit government guarantees (2020)Marketization vs. market chase: Insights …The financing of local government in China: Stimulus loan wanes and shadow banking waxes (2020)The financing of local govern…Credit Allocation Under Economic Stimulus: Evidence from China (2019)Credit Allocation Under Econo…Hayek, Local Information, and Commanding Heights: Decentralizing State-Owned Enterprises in China (2017)Hayek, Local Information, and…Government ownership and the cost of debt: Evidence from government investments in publicly traded firms (2015)Government ownership and the …The mortality cost of political connections (2013)The mortality cost of politic…Political Connections and the Cost of Bank Loans (2013)Political Connections and the…Credit Spreads and Business Cycle Fluctuations (2012)Credit Spreads and Business C…Government intervention and investment efficiency: Evidence from China (2010)Government intervention and i…Public governance and corporate finance: Evidence from corruption cases (2008)Public governance and corpora…Do Politically Connected Boards Affect Firm Value? (2008)Do Politically Connected Boar…Political connections, financing and firm performance: Evidence from Chinese private firms (2007)Political connections, financ…Politically Connected Firms (2006)Politically Connected FirmsEstimating the Value of Political Connections (2001)Estimating the Value of Polit…Policy Burdens, Accountability, and the Soft Budget Constraint (1999)Policy Burdens, Accountabilit…Credit and Efficiency in Centralized and Decentralized Economies (1995)Credit and Efficiency in Cent…Credit Rationing in Markets with Imperfect Information (1981)Credit Rationing in Markets w…Local government financing vehicle restructuring, implicit government guarantees and debt financing costs: Evidence from the Chinese municipal corporate bond market (2024)Local government financing ve…Increases in risk and in risk aversion (1974)Risk Sharing and Incentives in the Principal and Agent Relationship (1979)The Benefits of Lending Relationships: Evidence from Small Business Data (1994)Financial Dependence and Growth (1996)The information content of stock markets: why do emerging markets have synchronous stock price movements? (2000)Corporate Governance in Asia: A Survey (2002)Corporate ownership structure and the informativeness of accounting earnings in East Asia (2002)Ownership Structure, Corporate Governance, and Firm Value: Evidence from the East Asian Financial Crisis (2003)What you export matters (2006)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Corporate financing and investment decisions when firms have information that investors do not have (1984)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Economic policy uncertainty and corporate investment: Evidence from China (2014)Corporate Social Responsibility and Investment Efficiency (2015)The role of board gender and foreign ownership in the CSR performance of Chinese listed firms (2016)Law and Finance (1998)Investor protection and corporate governance (2000)Corporate Philanthropy and Corporate Financial Performance: The Roles of Stakeholder Response and Political Access (2011)Political connections and the cost of equity capital (2012)Corporate Social Responsibility Reporting in China: Symbol or Substance? (2013)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Credit Cycles (1997)The Employment Effects of Credit Market Disruptions: Firm-level Evidence from the 2008–9 Financial Crisis * (2013)Time and frequency dynamics of connectedness between renewable energy stocks and crude oil prices (2018)U.S. Monetary Policy and the Global Financial Cycle (2020)Political turnover and economic performance: the incentive role of personnel control in China (2004)Growing Like China (2011)Subnational debt of China: The politics-finance nexus (2021)Land finance in China: Analysis and review (2022)The SOE Premium and Government Support in China's Credit Market (2024)The separation of ownership and control in East Asian Corporations (2000)The ultimate ownership of Western European corporations (2002)Do Lenders Favor Politically Connected Firms? Rent Provision in an Emerging Financial Market (2005)Politically connected CEOs, corporate governance, and Post-IPO performance of China's newly partially privatized firms☆ (2007)Political Connections and Corporate Bailouts (2006)Corporate Political Contributions and Stock Returns (2010)Differences between Politically Connected and Nonconnected Firms: A Cross‐Country Analysis (2010)Politically Connected Boards of Directors and The Allocation of Procurement Contracts (2013)Detecting Earnings Management. (1995)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Political connections and corporate investments: Evidence from the recent anti-corruption campaign in China (2017)Determinants and consequences of financial distress: review of the empirical literature (2018)The Cost of Political Connections (2018)Federalism as a Commitment to Preserving Market Incentives (1997)Enterprise Restructuring in Transition: A Quantitative Survey (2002)The Diversity of Modern Capitalism (2003)
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References

  • 1981Credit Rationing in Markets with Imperfect Information12,762 cited
  • 2006Politically Connected Firms4,073 cited
  • 2001Estimating the Value of Political Connections2,988 cited
  • 2012Credit Spreads and Business Cycle Fluctuations2,209 cited
  • 2007Political connections, financing and firm performance: Evidence from Chinese private firms1,797 cited
  • 2008Do Politically Connected Boards Affect Firm Value?1,297 cited
  • 2010Government intervention and investment efficiency: Evidence from China1,292 cited
  • 1995Credit and Efficiency in Centralized and Decentralized Economies1,078 cited
  • 2013Political Connections and the Cost of Bank Loans710 cited
  • 2020The financing of local government in China: Stimulus loan wanes and shadow banking waxes692 cited
  • 2019Credit Allocation Under Economic Stimulus: Evidence from China536 cited
  • 1999Policy Burdens, Accountability, and the Soft Budget Constraint487 cited
  • 2017Hayek, Local Information, and Commanding Heights: Decentralizing State-Owned Enterprises in China399 cited
  • 2015Government ownership and the cost of debt: Evidence from government investments in publicly traded firms376 cited
  • 2013The mortality cost of political connections

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351 cited
  • 2008Public governance and corporate finance: Evidence from corruption cases338 cited
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    • 2024Local government financing vehicle restructuring, implicit government guarantees and debt financing costs: Evidence from the Chinese municipal corporate bond market29 cited