...Hongling Guo; Keping Wu Purpose This study aims to investigate how opening high-speed railways affects the cost of debt financing based on China's background. Design/methodology/approach Using panel data on Chinese listed firms from 2008 to 2017, this study constructs a quasi-natural...

.... Design/methodology/approach In this paper, taking the anti-corruption campaign employed from the end of 2012 as an exogenous shock, the authors design a quasi-experiment difference-in-difference approach to examine how the loss and failure of political connections impacts private firms’ debt financing...

...Jianhua Du; Chao Bian; Christopher Gan Purpose The purpose of this paper is to examine the effects of the government intervention and bank competition on small and medium enterprise (SME) external debt financing in Chinese capital market. Design/methodology/approach This study uses ordinary...