Matches in SemOpenAlex for { <https://semopenalex.org/work/W4384133937> ?p ?o ?g. }
- W4384133937 endingPage "36" @default.
- W4384133937 startingPage "1" @default.
- W4384133937 abstract "Abstract This paper examines the effects of China's accelerated depreciation policy (ADP) on the maturity mismatch between investment and financing. Using panel data for China's A‐share nonfinancial listed companies from 2010 to 2019 and a staggered difference‐in‐differences approach, we found the following. First, ADP significantly aggravated the degree of corporate maturity mismatch, and this result was robust across multiple checks. Second, due to an insufficient long‐term loan supply, firms had to finance the fixed investments induced by ADP with short‐term debts, leading to maturity mismatches. Third, the positive policy effects were mainly significant for firms with high policy exposure, high‐risk preferences, a high degree of information asymmetry, and firms with weak long‐term financing capacity. Finally, maturity mismatch exacerbated corporate financial risks. Our research findings indicate that passive maturity mismatch is prevalent among Chinese companies and emphasize the need to address financial repression in order to mitigate the potential financial risks that may arise from tax incentives." @default.
- W4384133937 created "2023-07-14" @default.
- W4384133937 creator A5031746840 @default.
- W4384133937 creator A5034331477 @default.
- W4384133937 creator A5078221318 @default.
- W4384133937 date "2023-07-01" @default.
- W4384133937 modified "2023-10-17" @default.
- W4384133937 title "Tax Incentives and Maturity Mismatch between Investment and Financing: Evidence from China" @default.
- W4384133937 cites W1965419245 @default.
- W4384133937 cites W1975703787 @default.
- W4384133937 cites W1986472132 @default.
- W4384133937 cites W2000578291 @default.
- W4384133937 cites W2021557505 @default.
- W4384133937 cites W2068719957 @default.
- W4384133937 cites W2087178224 @default.
- W4384133937 cites W2095753665 @default.
- W4384133937 cites W2124532504 @default.
- W4384133937 cites W2254174580 @default.
- W4384133937 cites W2315970626 @default.
- W4384133937 cites W2610555458 @default.
- W4384133937 cites W2791859701 @default.
- W4384133937 cites W2887755532 @default.
- W4384133937 cites W2898369958 @default.
- W4384133937 cites W2913141095 @default.
- W4384133937 cites W2947406964 @default.
- W4384133937 cites W2967982198 @default.
- W4384133937 cites W2972369045 @default.
- W4384133937 cites W2989763571 @default.
- W4384133937 cites W3021274223 @default.
- W4384133937 cites W3023634873 @default.
- W4384133937 cites W3031278346 @default.
- W4384133937 cites W3036196600 @default.
- W4384133937 cites W3082857965 @default.
- W4384133937 cites W3082881570 @default.
- W4384133937 cites W3084411421 @default.
- W4384133937 cites W3088827462 @default.
- W4384133937 cites W3121149320 @default.
- W4384133937 cites W3121157334 @default.
- W4384133937 cites W3122303466 @default.
- W4384133937 cites W3123997713 @default.
- W4384133937 cites W3124173461 @default.
- W4384133937 cites W3124599649 @default.
- W4384133937 cites W3125975775 @default.
- W4384133937 cites W3125989415 @default.
- W4384133937 cites W3126124998 @default.
- W4384133937 cites W3166340551 @default.
- W4384133937 cites W3213674475 @default.
- W4384133937 cites W4220691367 @default.
- W4384133937 cites W4220829270 @default.
- W4384133937 cites W4220877470 @default.
- W4384133937 cites W4224248794 @default.
- W4384133937 cites W4310605394 @default.
- W4384133937 cites W4322627993 @default.
- W4384133937 doi "https://doi.org/10.1111/cwe.12492" @default.
- W4384133937 hasPublicationYear "2023" @default.
- W4384133937 type Work @default.
- W4384133937 citedByCount "1" @default.
- W4384133937 countsByYear W43841339372023 @default.
- W4384133937 crossrefType "journal-article" @default.
- W4384133937 hasAuthorship W4384133937A5031746840 @default.
- W4384133937 hasAuthorship W4384133937A5034331477 @default.
- W4384133937 hasAuthorship W4384133937A5078221318 @default.
- W4384133937 hasConcept C10138342 @default.
- W4384133937 hasConcept C101433766 @default.
- W4384133937 hasConcept C120527767 @default.
- W4384133937 hasConcept C137577040 @default.
- W4384133937 hasConcept C138496976 @default.
- W4384133937 hasConcept C144133560 @default.
- W4384133937 hasConcept C149782125 @default.
- W4384133937 hasConcept C15744967 @default.
- W4384133937 hasConcept C162324750 @default.
- W4384133937 hasConcept C175025494 @default.
- W4384133937 hasConcept C17744445 @default.
- W4384133937 hasConcept C191935318 @default.
- W4384133937 hasConcept C199539241 @default.
- W4384133937 hasConcept C27548731 @default.
- W4384133937 hasConcept C2775841673 @default.
- W4384133937 hasConcept C2776943663 @default.
- W4384133937 hasConcept C2777764128 @default.
- W4384133937 hasConcept C2778776786 @default.
- W4384133937 hasConcept C29122968 @default.
- W4384133937 hasConcept C34447519 @default.
- W4384133937 hasConcept C44750222 @default.
- W4384133937 hasConcept C556758197 @default.
- W4384133937 hasConcept C58202505 @default.
- W4384133937 hasConcept C6422946 @default.
- W4384133937 hasConcept C73283319 @default.
- W4384133937 hasConcept C94625758 @default.
- W4384133937 hasConcept C95383336 @default.
- W4384133937 hasConceptScore W4384133937C10138342 @default.
- W4384133937 hasConceptScore W4384133937C101433766 @default.
- W4384133937 hasConceptScore W4384133937C120527767 @default.
- W4384133937 hasConceptScore W4384133937C137577040 @default.
- W4384133937 hasConceptScore W4384133937C138496976 @default.
- W4384133937 hasConceptScore W4384133937C144133560 @default.
- W4384133937 hasConceptScore W4384133937C149782125 @default.
- W4384133937 hasConceptScore W4384133937C15744967 @default.
- W4384133937 hasConceptScore W4384133937C162324750 @default.