Government Information disclosure (GID) is an important part of Chinese efforts in improving doing-business environment. Based on the sample of China's listed enterprises, this paper studies the effect of government information disclosure on enterprise investment efficiency. We find that GID...

Using a dataset of listed non-state-owned enterprises in China, we show that politically connected firms have a greater difficulty in obtaining trade credit than non-connected firms. This credit discrimination against politically connected firms strengthens when firms locate in regions with...