Credit mismatch and non-financial firms' shadow banking activities -evidence based on entrusted loan activities

When governments opt for financial repression policies, credit mismatch becomes more prevalent. This may lead some non-financial firms with excessive loans to financialize their operations and undertake shadow banking activities, that is, entrusted loans. Using all listed Chinese firm's financi...

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Veröffentlicht in:China journal of accounting studies 2020-04, Vol.8 (2), p.249-271
Hauptverfasser: Bai, Jun, Gong, Xiaoyun, Zhao, Xiangfang
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Sprache:eng
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