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    Does the social credit system construction reduce enterprises' overinvestment? quasi-natural experimental evidence from China. by Guozhen Zhang, Yurui Xia, Yiting Xie, Yuanxiang Dong

    Published 2025-01-01
    “…This study selected Shanghai and Shenzhen A-share listed companies for 2012-2023 as samples and used the pilot reform of China's social credit system as a quasi-natural experiment to test the impact and mechanisms of the construction of the social credit system on enterprises' overinvestment. …”
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