Does provincial gambling intensity affect corporate maturity mismatch? Evidence from China

Hui Shi

Finance Research Letters, 2025, vol. 79, issue C

Abstract: This study examines how provincial gambling intensity influences corporate maturity mismatch under informal institutional frameworks. Results indicate that gambling intensity significantly exacerbates corporate maturity mismatch, primarily mediated through managerial overconfidence and risk-taking incentives. Furthermore, this research demonstrates that heightened maturity mismatch caused by gambling intensity increases corporate financial risks. However, the effects of gambling intensity on maturity mismatch are mitigated by robust internal controls, executive shareholdings, analyst coverage, and quality auditors. These findings contribute to the institutional theory literature by quantifying the micro-level implications of gambling practices, while providing empirical evidence for policymakers to balance regional economic vitality with financial stability through debt structure regulation.

Keywords: Gambling intensity; Maturity mismatch; Overconfidence; Risk-taking; Financial risks (search for similar items in EconPapers)
JEL-codes: G30 M41 Z10 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612325004581
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:79:y:2025:i:c:s1544612325004581

DOI: 10.1016/j.frl.2025.107195

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 ().