Bai, Jun; Gong, Xiaoyun; Zhao, Xiangfang - In: China journal of accounting studies 8 (2020) 2, pp. 249-271
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...