Das (Wasted) Kapital: Firm Ownership and Investment Efficiency in China
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Based on a survey that we designed and that covers a stratified random sample of 12,400 firms in 120 cities in China with firm-level accounting information for 2002-2004, this paper examines the presence of systematic distortions in capital allocation that result in uneven marginal returns to
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美国国家经济研究局创建时间:
2007-05-01



