We analyze the factors affecting the decisions of Chinese firms to take on debt in the form of either bonds or syndicated loans over the period of 2006–2010. The study reveals the extent to which corporate debt choices are politically or economically driven. We test if central government...

This paper addresses the relationship between bank competition and efficiency by computing Lerner indices and cost efficiency scores for a sample of Chinese banks over the period 2002–2011. Granger-causality tests are performed in a dynamic GMM panel estimator framework to evaluate the sign...