This paper examines the relationship between banking market structure and industrial growth volatility. We find that regulatory restrictions on entry and competition in the banking sector increase growth volatility of the real sector, and the effect is more pronounced for industries with higher...

By analyzing a hand-collected transaction-level dataset on the finance leases of China’s public firms for the period 2007-2019, this paper sheds light on China’s financial leasing industry. We find that banks use their affiliated leasing firms to provide credit to constrained clients in...

Based on the data of A-share companies in Shanghai and Shenzhen from 2007 to 2019, this paper conducts an empirical analysis on the impact of Chinese entity enterprises' sharing and holding financial leasing companies on their business performance. We find that holding the financial leasing...