Analysis of the impact of rent-seeking on corporate financial asset allocation

Jianwei Zhang and Shenzhou Luan

Finance Research Letters, 2025, vol. 80, issue C

Abstract: Using 2007–2022 data from Chinese listed firms, this study theoretically analyses and empirically tests the impact of rent-seeking on corporate financial asset allocation. Findings show that rent-seeking contributes significantly to the allocation of corporate financial assets Especially in non-high-tech firms and those with low information transparency as well as high degree of market competition. Rent-seeking affects the allocation of corporate financial assets by reducing financing costs.

Keywords: Rent-seeking; Financing costs; Financial asset allocation (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:80:y:2025:i:c:s1544612325007056

DOI: 10.1016/j.frl.2025.107445

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