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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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2018
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| Subjects: | |
| 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 |