Does local government debt regulation improve rural banks' performance? Evidence from China

被引：0
|
作者：
Jing, Zhongbo [1 ]
Liu, Wei [2 ]
Wang, Zexi [1 ]
Wei, Lu [1 ]
Zhang, Xuan [3 ]
机构：
[1] Cent Univ Finance & Econ, Sch Management Sci & Engn, Beijing 102206, Peoples R China
[2] Renmin Univ China, Int Coll, Suzhou 215123, Peoples R China
[3] Nanjing Univ Aeronaut & Astronaut, Coll Econ & Management, Nanjing 211106, Peoples R China
来源：
JOURNAL OF INTERNATIONAL FINANCIAL MARKETS INSTITUTIONS & MONEY | 2024年 / 91卷
基金：
中国国家自然科学基金;
关键词：
Local government debt regulation; Rural commerical bank; Financial performance; Text analysis; OWNERSHIP; STATE; SOVEREIGN; CREDIT; RISK;
D O I：
10.1016/j.intfin.2023.101914
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study offers a new approach to measure the intensity of local government debt regulations using textual analysis. Based on a sample of 71 rural banks in 21 Chinese provinces from 2013 to 2019, we investigate the impact of the number and proportion of keywords in local debt-related documents on rural banks' performance. Results show that an increase in debt regulation improves banks' performance by reducing local government debt. Moreover, an increase in the proportion of government shareholdings in rural banks as well as fiscal pressure weaken this impact; an increase in economic development pressure strengthens this impact.
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页数：17
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