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...
| Главный автор: | |
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| Другие авторы: | , |
| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2019.
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| Серии: | IMF Working Papers; Working Paper ;
No. 2019/111 |
| Online-ссылка: | Full text available on IMF |