, likely the engine for innovation in the coming years in China, are especially financially constrained, due perhaps to the …-the-big-and-letting-go-the-small' privatization program in China. Our empirical results suggest that government connections play an important role in explaining … Chinese firms' financing conditions, and provide further evidence on the nature of the misallocation of credit by China …

, likely the engine for innovation in the coming years in China, are especially financially constrained, due perhaps to the …-the-big-and-letting-go-the-small' privatization program in China. Our empirical results suggest that government connections play an important role in explaining … Chinese firms' financing conditions, and provide further evidence on the nature of the misallocation of credit by China …

Starting in 2010, the China Banking Regulatory Commission (CBRC) mandated that between 40% and 50% of the annual …

We study the consequences of corporate default using China's national credit registry. Borrowing after default declines …

The sharp rise of house prices in China's Tier-1 cities has fostered a great deal of commentary about the possibility … of bubbles forming there. However, China's unique housing market characteristics make it difficult to assess the … infrastructure to help China withstand the impact of falling prices, should this occur …

We study non-performing loan (NPL) resolution using proprietary data on NPL transactions in China. We find these …

In 2006 China implemented the green credit policy that demands from banks to integrate sustainability considerations …