Internal Capital Markets in Business Groups and the Propagation of Credit Supply Shocks is popular PDF and ePub book, written by Ms.Yu Shi in 2019-05-21, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Internal Capital Markets in Business Groups and the Propagation of Credit Supply Shocks can be Read Online from any device for your convenience.
Internal Capital Markets in Business Groups and the Propagation of Credit Supply Shocks Book PDF Summary
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 investment by 1% of their tangible fixed asset value, which accounts for 71% (7%) of the median (average) investment rate among these firms. We argue that equity exchanges is one channel through which corporate shareholders transmit bank credit supply shocks to the subsidiaries and provide empirical evidence to support the channel.
Detail Book of Internal Capital Markets in Business Groups and the Propagation of Credit Supply Shocks PDF
- Author : Ms.Yu Shi
- Release : 21 May 2019
- Publisher : International Monetary Fund
- ISBN : 9781498314411
- Genre : Business & Economics
- Total Page : 39 pages
- Language : English
- PDF File Size : 7,6 Mb
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