Artikel
Monetary policy, government control and capital investment: Evidence from China
This study examines how the relationships between local governments and local enterprises moderate the effect of targeted monetary policies through different action-propagating mechanisms. First, we investigate the impact of monetary policies on enterprise investment in areas with different institutional environments. Second, we investigate the impact of monetary policies on state-owned enterprises (SOEs) with different property rights structures. Third, we examine how political connections can influence the action-propagating mechanism of monetary policies. We conclude that in China monetary policies have different effects on SOEs and on private enterprises with or without political connections. Specifically, local government interventions can significantly weaken and distort the effects of monetary policies, such that the intended reduction in investment is noticeably alleviated for SOEs and private enterprises with close links to local governments.
- Language
-
Englisch
- Bibliographic citation
-
Journal: China Journal of Accounting Research ; ISSN: 1755-3091 ; Volume: 11 ; Year: 2018 ; Issue: 3 ; Pages: 233-254 ; Amsterdam: Elsevier
- Classification
-
Management
Monetary Policy
Capital Budgeting; Fixed Investment and Inventory Studies; Capacity
Accounting and Auditing: General
- Subject
-
Monetary policy
Government intervention
Nature of property rights
Political connection
Capital investment
- Event
-
Geistige Schöpfung
- (who)
-
Zhao, Jing
Xiao, Chen
Hao, Ying
- Event
-
Veröffentlichung
- (who)
-
Elsevier
- (where)
-
Amsterdam
- (when)
-
2018
- DOI
-
doi:10.1016/j.cjar.2018.04.002
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Zhao, Jing
- Xiao, Chen
- Hao, Ying
- Elsevier
Time of origin
- 2018
Other Objects (12)
Iteration of Composition Operators on small Bergman spaces of Dirichlet series
Migranten als Inbegriff intersektionaler Subjekte – Analyse von Diskriminierungserfahrungen der in Deutschland lebenden ChinesInnen
Das chinesische Kochbuch
A hybrid iteration scheme for equilibrium problems and common fixed point problems of generalized quasi-ϕ-asymptotically nonexpansive mappings in Banach spaces
Simultaneous iterative algorithms for the split common fixed-point problem of generalized asymptotically quasi-nonexpansive mappings without prior knowledge of operator norms
Strong convergence theorems for system of equilibrium problems and asymptotically strict pseudocontractions in the intermediate sense
Learning temporal weights of clinical events using variable importance
Association between dietary anthocyanidins intake and depression among US adults: a cross-sectional study (NHANES, 2007–2010 and 2017–2018)
A time domain characterization of vector-valued subspace weak Gabor bi-frames
Solving the multiple-set split equality common fixed-point problem of firmly quasi-nonexpansive operators
Pre-seismic Thermal Anomalies from Satellite Observations: A Review
Association between serum neurofilament light chain and periodontitis
Iteration of Composition Operators on small Bergman spaces of Dirichlet series
Migranten als Inbegriff intersektionaler Subjekte – Analyse von Diskriminierungserfahrungen der in Deutschland lebenden ChinesInnen
Das chinesische Kochbuch
A hybrid iteration scheme for equilibrium problems and common fixed point problems of generalized quasi-ϕ-asymptotically nonexpansive mappings in Banach spaces
Simultaneous iterative algorithms for the split common fixed-point problem of generalized asymptotically quasi-nonexpansive mappings without prior knowledge of operator norms
Strong convergence theorems for system of equilibrium problems and asymptotically strict pseudocontractions in the intermediate sense
Learning temporal weights of clinical events using variable importance
Association between dietary anthocyanidins intake and depression among US adults: a cross-sectional study (NHANES, 2007–2010 and 2017–2018)
A time domain characterization of vector-valued subspace weak Gabor bi-frames
Solving the multiple-set split equality common fixed-point problem of firmly quasi-nonexpansive operators
Pre-seismic Thermal Anomalies from Satellite Observations: A Review
Association between serum neurofilament light chain and periodontitis
Iteration of Composition Operators on small Bergman spaces of Dirichlet series
Migranten als Inbegriff intersektionaler Subjekte – Analyse von Diskriminierungserfahrungen der in Deutschland lebenden ChinesInnen
Das chinesische Kochbuch
A hybrid iteration scheme for equilibrium problems and common fixed point problems of generalized quasi-ϕ-asymptotically nonexpansive mappings in Banach spaces
Simultaneous iterative algorithms for the split common fixed-point problem of generalized asymptotically quasi-nonexpansive mappings without prior knowledge of operator norms
Strong convergence theorems for system of equilibrium problems and asymptotically strict pseudocontractions in the intermediate sense
Learning temporal weights of clinical events using variable importance
Association between dietary anthocyanidins intake and depression among US adults: a cross-sectional study (NHANES, 2007–2010 and 2017–2018)
A time domain characterization of vector-valued subspace weak Gabor bi-frames
Solving the multiple-set split equality common fixed-point problem of firmly quasi-nonexpansive operators
Pre-seismic Thermal Anomalies from Satellite Observations: A Review