Tang, Dapeng; Wu, Jiamei; Chen, Zhibin - In: China journal of accounting research : CJAR 15 (2022) 2, pp. 1-23
At its 19th National Congress, the Communist Party of China vowed to "strengthen the financial sector’s ability to serve the real economy." However, many studies provide evidence of the opposite trend, a problematic “transition from the real to the virtual,” among Chinese enterprises....
