Governance of nonstate shareholders and short-term debt for long-term investments

被引：1

作者：

Song, Gaoya ^{[1
]}

Li, Quan ^{[1
]}

机构：

[1] Nankai Univ, Sch Finance, Tianjin, Peoples R China

来源：

APPLIED ECONOMICS LETTERS | 2024年

关键词：

Nonstate shareholder governance; short-term debt for long-term investments; maturity mismatch; mixed ownership reform;

D O I：

10.1080/13504851.2024.2333450

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We study the relationship between nonstate shareholder governance and short-term debt for long-term investment of state-owned enterprises in China from 2009 to 2021. Drawing on a novel, hand-collected database, we find that nonstate shareholder governance has a significantly negative effect on short-term debt used for long-term investments. Our study provides a new analytical perspective for maturity mismatch and theoretical support for deepening the reform of state-owned enterprises.

引用

页数：5

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