去杠杆化
经济
中国
货币经济学
计量经济学
金融危机
凯恩斯经济学
政治学
法学
标识
DOI:10.1080/13504851.2024.2386161
摘要
This study investigates the impact of the deleveraging policy on tunneling, using China's A-share listed firms. The deleveraging policy exacerbates tunneling and the result is robust after a series of tests. Further investigations show that tunneling of listed companies by non-state-owned controlling shareholders is particularly significant and audit opinions fail to reflect and inhibit tunneling. A way for large shareholders' tunneling under deleveraging is collusion with management.
科研通智能强力驱动
Strongly Powered by AbleSci AI