Interest Rate Liberalization and Firm Leverage in China: Effects and Channels

We examine whether and how interest rate liberalization affects firm leverage in China. We find that interest rate liberalization exerts a negative effect on the leverage of firms. Specifically, firms experience a reduction in total leverage during the liberalization period, and firms’ short-term le...

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Bibliographic Details
Main Authors: Caiyun Chen, Xuefei Peng, Liufang Yu
Format: Article
Language:English
Published: Wiley 2023-01-01
Series:Discrete Dynamics in Nature and Society
Online Access:http://dx.doi.org/10.1155/2023/7926625
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