Bibliographic Details
| Title: |
The effect of Made in China 2025 pilot city policy on corporate risk-taking. |
| Authors: |
Jiang, Lixian1 (AUTHOR), Li, Yuan2 (AUTHOR), Li, Zhuopai3 (AUTHOR), Yang, Zhenzhen4 (AUTHOR), Wang, Ling5 (AUTHOR) 13939706517@163.com |
| Source: |
Applied Economics Letters. Jan2025, p1-5. 5p. 2 Illustrations. |
| Subject Terms: |
*Information asymmetry, *Human capital, *Corporate governance, *Business enterprises, Financial policy |
| Abstract: |
This research investigates the impact of the Made in China (MIC) 2025 pilot city policy on corporate risk-taking. Exploiting the difference-in-differences (DID) framework, we empirically identify that MIC 2025 influences corporate risk-taking positively. We also find that this effect is stronger for firms with higher financial constraints, higher information asymmetry, and insufficient human capital, meaning that MIC 2025 effectively mitigates the inherent restriction encountered by such firms. [ABSTRACT FROM AUTHOR] |
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| Database: |
Business Source Complete |
