The role of government intervention in financial development: micro‐evidence from China
Journal article
Authors | Apergis, Nicholas, Fu, Tong, Feng, Lingbing, Tao, Hu and Yan, Wu |
---|---|
Abstract | This paper distinguishes between different forms of government intervention upon a firm, including the firm’s tax burden, sales to the government and state shares. We investigate how these types of government intervention affect micro‐financial development. With evidence from China, we confirm that the micro‐financial development is promoted by the firm’s tax burden and sales to the government but constrained by the firm’s state shares. The findings remain robust to the endogeneity issue. The findings offer applications for government policies or a firm’s financing strategies. |
Keywords | Government intervention; Financial development; Chinese economy |
Year | 2019 |
Journal | Accounting and Finance |
Publisher | Wiley |
ISSN | 08105391 |
1467629X | |
Digital Object Identifier (DOI) | https://doi.org/10.1111/acfi.12559 |
Web address (URL) | http://hdl.handle.net/10545/624450 |
http://creativecommons.org/licenses/by-nc-nd/4.0/ | |
hdl:10545/624450 | |
Publication dates | 19 Oct 2019 |
Publication process dates | |
Deposited | 05 Feb 2020, 10:27 |
Accepted | 2019 |
Rights | Attribution-NonCommercial-NoDerivatives 4.0 International |
Contributors | University of Finance and Economics, China and University of Derby |
File | |
File | File Access Level Open |
File | File Access Level Open |
https://repository.derby.ac.uk/item/94zv6/the-role-of-government-intervention-in-financial-development-micro-evidence-from-china
Download files
44
total views326
total downloads1
views this month0
downloads this month