Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Local Government Debt, Real Estate Investment and Corporate Investment: Evidence from China
This paper examines the effect of local government debt (LGD) and real estate investment on corporate investment. It finds that the increase in LGD and real estate investment leads to a decline in corporate investment and that the crowding-out effect is mitigated by the interaction of LGD and real estate investment. The effects are channeled by raising corporate costs and reducing corporate financing. This impact is more pronounced for firms in eastern regions and nonresource-based cities, large and private firms.
Local Government Debt, Real Estate Investment and Corporate Investment: Evidence from China
This paper examines the effect of local government debt (LGD) and real estate investment on corporate investment. It finds that the increase in LGD and real estate investment leads to a decline in corporate investment and that the crowding-out effect is mitigated by the interaction of LGD and real estate investment. The effects are channeled by raising corporate costs and reducing corporate financing. This impact is more pronounced for firms in eastern regions and nonresource-based cities, large and private firms.
Local Government Debt, Real Estate Investment and Corporate Investment: Evidence from China
Ge Gao (Autor:in) / Jichang Dong (Autor:in) / Xiuting Li (Autor:in)
2022
Aufsatz (Zeitschrift)
Elektronische Ressource
Unbekannt
Metadata by DOAJ is licensed under CC BY-SA 1.0
Local Government Debt and Corporate Investment Behavior in China: Real versus Financial Investment
| DOAJ | 2023
| DOAJ | 2023
Green Credit, Debt Maturity, and Corporate Investment—Evidence from China
| DOAJ | 2019
| DOAJ | 2021
| DOAJ | 2023