The role of government intervention in financial development: micro‐evidence from China
MetadataShow full item record
AbstractThis paper distinguishes between different forms of government intervention upon a firm, including the firm’s tax burden, sales to the government and state shares. We investigate how these types of government intervention affect micro‐financial development. With evidence from China, we confirm that the micro‐financial development is promoted by the firm’s tax burden and sales to the government but constrained by the firm’s state shares. The findings remain robust to the endogeneity issue. The findings offer applications for government policies or a firm’s financing strategies.
CitationFeng, L., Fu, T., Apergis, N., Tao, H. and Yan, W., (2019). 'The role of government intervention in financial development: micro‐evidence from China'. Accounting & Finance, pp. 1-35. DOI: 10.1111/acfi.12559
JournalAccounting and Finance
The following license files are associated with this item:
- Creative Commons
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 International