Ontology highlight
ABSTRACT:
SUBMITTER: Liu J
PROVIDER: S-EPMC9731413 | biostudies-literature | 2022
REPOSITORIES: biostudies-literature
Liu Jie J Zhang Qiaoyun Q Xiao Chao C
PloS one 20221208 12
We show that large private shareholders have an information advantage about their industry; this can alleviate the information asymmetry suffered by banks, and consequently, increase bank lending to these shareholders' industry. Using a sample of Chinese city commercial banks, we show that an increase in the large private shareholders' shareholding of banks increases bank lending to these shareholders' industry. Importantly, using Chinese local government industrial policy as a moderator, we fin ...[more]