Passageway business regulation and bank loan financing——A quasi-natural experiment based on new asset management rules

Using the exogenous shock of New Asset Management Rules (NAMRs), this paper examines the impact of strengthening passageway business regulation on bank loan financing. We find that since the introduction of the NAMRs, firms that used to adopt passageway financing are obtaining more bank loans. When...

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Bibliographic Details
Main Authors: Siyi He, Qinglu Jin
Format: Article
Language:English
Published: Taylor & Francis Group 2024-07-01
Series:China Journal of Accounting Studies
Subjects:
Online Access:https://www.tandfonline.com/doi/10.1080/21697213.2025.2473997
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