Liao, Xinxin; Liu, Yunguo - In: China journal of accounting research : CJAR 7 (2014) 2, pp. 119-147
In this paper, we use A-share listed firms between 2002 and 2010 to investigate the relationship between local fiscal distress and the investment efficiency of local SOEs, along with the effect of corporate tax payments on this relationship. We find a positive relationship between the extent of...