Capital structure and financial distress in China’s real estate sector: a perspective from sales tournament
Abstract The real estate sector in China has long been characterized by excessive leverage and over-investment, which culminated in widespread defaults since 2021. Given that credit in China is more readily extended to large developers, this study explores how sales tournaments, a competitive, race-...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Springer Nature
2025-06-01
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| Series: | Humanities & Social Sciences Communications |
| Online Access: | https://doi.org/10.1057/s41599-025-05154-7 |
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