Li, Chengchun; Lu, Huanhuan; Wu, Min; Teng, Da - In: Journal of applied economics 26 (2023) 1, pp. 1-24
investigating the contingency effect of institutional quality in the corporate debt-productivity nexus. Using data for 2,084 Chinese … listed firms, we find that corporate debt and political institutional quality have significant and negative impacts on … productivity while legal institutional quality is significantly and positively associated with productivity. Also, our results …