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Share Pledging in China: Funding Listed Firms or Funding Entrepreneurship?

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NBER2022-02-01 更新2025-01-04 收录
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This paper studies the connection between share pledging and entrepreneurial activities in China, challenging the common wisdom that share pledging funds circle back to the listed firms. Share pledging funds are at the discretion of the shareholders who pledge their publicly traded shares, and

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2022-02-01
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