Fiscal decentralization and shadow banking activities of non-financial enterprises

Xun Han, Abuduwali Aibai and Xinyan Xie

Finance Research Letters, 2023, vol. 54, issue C

Abstract: This paper explores the impact of fiscal decentralization on shadow banking of non-financial enterprises based on 2007 to 2020 data from Chinese A-share non-financial listed companies. The results show that:(1) Fiscal decentralization will improve scale of non-financial enterprises’ shadow banking. (2) Fiscal decentralization influence shadow banking activities of non-financial enterprises by government intervention and subsidy reversal mechanism. (3) Local government debt and tax effort have positive moderating effect on the relationship between fiscal decentralization and shadow banking activities of non-financial enterprises.

Keywords: Fiscal decentralization; Shadow banking; Resource mismatch (search for similar items in EconPapers)
JEL-codes: E26 E62 G23 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612323000880
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:54:y:2023:i:c:s1544612323000880

DOI: 10.1016/j.frl.2023.103714

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().