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Title: Shadow banking and corporate finance
Author: Peng, Hao
ISNI:       0000 0004 9349 4248
Awarding Body: University of Glasgow
Current Institution: University of Glasgow
Date of Award: 2020
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This thesis examines how shadow banking activities affect firms’ behaviors. We focus on two important representatives of shadow banking activities: wealth management products issued by commercial banks and finance companies affiliated in business groups in China. By observing how corporates’ cash holding policies, investment decisions and financing choices response to dynamic changes in the shadow banking activities through three empirical studies, we find that the wide spread of shadow banking activities in China plays an important role in explaining corporate behaviors.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
Keywords: HG Finance