Internal Capital Markets in Business Groups and the Propagation of Credit Supply Shocks /
Using business registry data from China, we show that internal capital markets in business groups can propagate corporate shareholders' credit supply shocks to their subsidiaries. An average of 16.7% local bank credit growth where corporate shareholders are located would increase subsidiaries i...
| Prif Awdur: | |
|---|---|
| Awduron Eraill: | , |
| Fformat: | Cylchgrawn |
| Iaith: | English |
| Cyhoeddwyd: |
Washington, D.C. :
International Monetary Fund,
2019.
|
| Cyfres: | IMF Working Papers; Working Paper ;
No. 2019/111 |
| Mynediad Ar-lein: | Full text available on IMF |