China's "Mercantilist" government subsidies, the cost of debt and firm performance

China's "Mercantilist" government subsidies, the cost of debt and firm performance

China has been adopting a “mercantilist” policy by lavishing massive government subsidies on Chinese firms. Using hand-collected subsidy data on Chinese listed companies, we find that firms receiving more subsidies tend to have a lower cost of debt. However, such firms fail to have superior financia...

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Bibliographic Details
Main Authors: LIM, Chu Yeong, WANG, Jiwei, ZENG, Cheng (Colin)
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2018
Subjects:
Government subsidies
cost of debt
firm performance
Accounting
Asian Studies
Corporate Finance
Economic Policy
Online Access:https://ink.library.smu.edu.sg/soa_research/1766
https://ink.library.smu.edu.sg/context/soa_research/article/2793/viewcontent/China_Mercantilist_Subsidies_2017_afv.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soa_research/1766
https://ink.library.smu.edu.sg/context/soa_research/article/2793/viewcontent/China_Mercantilist_Subsidies_2017_afv.pdf

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