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Decentralization, Supervision, and Chinese Local Government Debt
China & World EconomyAbstractDecentralization can alter the incentive structure of local governments and one outcome of this is debt accumulation. Based on the “Province‐Managing‐County” pilot policy, a fiscal decentralization reform devolving fiscal power from the prefecture‐level city to the county level, we assess the impact of fiscal decentralization on local ...
Chunfei Yang +3 more
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Local government debt pressure and corporate ESG performance: Empirical evidence from China
Finance Research Letters, 2023Song Nie, Junxian Liu, Gang Zeng
exaly
Local government debt: an application to the Spanish case [PDF]
, 2004 For the last years, Europe has been subject to fiscal austerity in order to satisfy the Maastrich criteria. In this way, Spanish municipalities have been affected by new regulations and local government structure has changed. This paper is focused on the main factors that explain local government debt. In particular, budgetary information of a group of
David Cantarero +3 more
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Fiscal policy choices of local governments in China: Land finance or local government debt?
International Review of Economics and Finance, 2022Shanghui Jia, Huan Meng
exaly
Promotion incentives, tenure uncertainty, and local government debt risk
Finance Research Letters, 2023Ziqi Zhang
exaly
The local government debt : a review of the literature
2016Treball Final de Grau en Finances i Comptabilitat. Codi: FC1049.
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Understanding local government debt in China: A regional competition perspective
Regional Science and Urban Economics, 2023Xi Qu, Zhiwei Xu, Jinxiang Yu
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The unintended consequence of local government debt: evidence from stock price crash risk
Finance Research Letters, 2022Shuo Huang
exaly
Local government audit and municipal debt risk: Evidence from audit reform in China
Finance Research Letters, 2022Xiaowei Lin
exaly