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The crowding-out effect of zombie companies on fixed asset investment: Evidence from China
16 references·0 citing·46 second hop
The crowding-out effect of zombie companies on fixed asset investment: Evidence from China (2023)The crowding-out effect of zombie compani…Credit Allocation Under Economic Stimulus: Evidence from China (2019)Credit Allocation Under Econo…The walking dead? Zombie firms and productivity performance in OECD countries (2018)The walking dead? Zombie firm…Whatever It Takes: The Real Effects of Unconventional Monetary Policy (2017)Whatever It Takes: The Real E…Understanding China's Growth: Past, Present, and Future (2012)Understanding China's Growth:…Factor Market Distortions Across Time, Space and Sectors in China (2012)Factor Market Distortions Acr…The Fundamental Institutions of China's Reforms and Development (2011)The Fundamental Institutions …Creative accounting or creative destruction? Firm-level productivity growth in Chinese manufacturing (2011)Creative accounting or creati…Government intervention and investment efficiency: Evidence from China (2010)Government intervention and i…Zombie Lending and Depressed Restructuring in Japan (2008)Zombie Lending and Depressed …Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan (2005)Unnatural Selection: Perverse…Do Lenders Favor Politically Connected Firms? Rent Provision in an Emerging Financial Market (2005)Do Lenders Favor Politically …Political turnover and economic performance: the incentive role of personnel control in China (2004)Political turnover and econom…Auditor choice and the cost of debt capital for newly public firms (2004)Auditor choice and the cost o…Law and Finance (1998)Law and FinanceDo Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Do Investment-Cash Flow Sensi…Financing Constraints and Corporate Investment (1987)Financing Constraints and Cor…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Determinants of corporate borrowing (1977)Specification Tests in Econometrics (1978)Does Auditor Quality and Tenure Matter to Investors? Evidence from the Bond Market (2004)A Framework for Understanding and Researching Audit Quality (2011)Audit Quality: Insights from the Academic Literature (2012)Outside directors and CEO turnover (1988)Econometric Analysis of Cross Section and Panel Data (2001)Regional decentralization and fiscal incentives: Federalism, Chinese style (2005)The Political Economy of the Rent-Seeking Society (2008)How do environmental regulation and environmental decentralization affect green total factor energy efficiency: Evidence from China (2020)Technical Change and the Aggregate Production Function (1957)The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity (1982)Misallocation and Manufacturing TFP in China and India * (2009)When Fast Growing Economies Slow Down: International Evidence and Implications for China (2011)Untangling Trade and Technology: Evidence from Local Labour Markets (2015)Watering Down Environmental Regulation in China* (2020)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)The Nature of the Firm (1937)An Evolutionary Theory of Economic Change. (1983)Institutions, Institutional Change and Economic Performance (1991)The Effects of Privatization and Ownership in Transition Economies (2009)Does flattening government improve economic performance? Evidence from China (2016)Credit Rationing in Markets with Imperfect Information (1981)Agency costs of free cash flow, corporate finance, and takeovers (1996)Threshold effects in non-dynamic panels: Estimation, testing, and inference (1999)Politicians and Firms (1994)Estimating the Value of Political Connections (2001)Political Connections and Corporate Bailouts (2006)Politically Connected Firms (2006)The Economic Consequences of Legal Origins (2008)Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market (2008)Legal Determinants of External Finance (1997)Corporate Ownership Around the World (1999)Investor protection and corporate governance (2000)The Colonial Origins of Comparative Development: An Empirical Investigation (2001)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Managing with Style: The Effect of Managers on Firm Policies (2003)New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)The financial cycle and macroeconomics: What have we learnt? (2013)The Causes and Costs of Misallocation (2017)
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References

  • 1998Law and Finance17,902 cited
  • 1997Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?6,790 cited
  • 1987Financing Constraints and Corporate Investment4,354 cited
  • 2004Political turnover and economic performance: the incentive role of personnel control in China3,691 cited
  • 2011The Fundamental Institutions of China's Reforms and Development2,638 cited
  • 2005Do Lenders Favor Politically Connected Firms? Rent Provision in an Emerging Financial Market2,375 cited
  • 2011Creative accounting or creative destruction? Firm-level productivity growth in Chinese manufacturing2,312 cited
  • 2008Zombie Lending and Depressed Restructuring in Japan1,552 cited
  • 2010Government intervention and investment efficiency: Evidence from China1,292 cited
  • 2004Auditor choice and the cost of debt capital for newly public firms997 cited
  • 2005Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan822 cited
  • 2017Whatever It Takes: The Real Effects of Unconventional Monetary Policy706 cited
  • 2012Understanding China's Growth: Past, Present, and Future587 cited
  • 2012Factor Market Distortions Across Time, Space and Sectors in China582 cited
  • 2019

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Credit Allocation Under Economic Stimulus: Evidence from China
536 cited
  • 2018The walking dead? Zombie firms and productivity performance in OECD countries502 cited
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