Chen, Zhuo; Hu, Mingzhi; Qiu, Zhiyi - In: Journal of risk and financial management : JRFM 15 (2022) 8, pp. 1-14
Chinese local officials have strong incentives to stimulate economic growth in the pursuit of promotion. However, the connection between promotion pressure of local officials and investment in the real estate market has not been rigorously explored. By using the panel data of local leaders...