Li, Chengchun; Lu, Huanhuan; Wu, Min; Teng, Da - In: Journal of applied economics 26 (2023) 1, pp. 1-24
This paper examines the relationship between corporate debt and firm productivity. We add to the existing literature by investigating the contingency effect of institutional quality in the corporate debt-productivity nexus. Using data for 2,084 Chinese listed firms, we find that corporate debt...