Liu guanchun,张成思,Zhu yueteng——JOURNAL OF INTERNATIONAL MONEY AND FINANCE:The interest group theory of banking sector expansion in China: Evidence from...
时间:2020-06-29
This study investigates whether the state-owned enterprise group inhibits banking sector expansion, thus impeding competition in China, as depicted in the interest group theory. To address potential endogeneity, our identification scheme employs a Chinese bank-deregulation policy for joint-equity and city commercial banks implemented in 2009. We collect Chinese bank branch data manually and use the difference-in-difference estimation method to explore two-dimension variations in the interest gro