The study aims to investigate how relying on short-term debt may help Chinese listed firms to make efficient investment … between growth and investment; this association is enhanced by leverage, especially for high-growth firms. This supports the … view that short-term debt helps Chinese firms to make optimal use of leverage and therefore make better investment …

-employee literature. Combining firm-specific measures of upstream and downstream exposure, we construct firm-specific exogenous credit … supply shocks and estimate their direct and indirect effects on real activity. Credit supply shocks have sizable direct and … downstream propagation effects on investment and output throughout the period but no significant impact on employment during the …