Plausibly Exogenous [1830] - Shadow Banking (02/05/2025)
LHS Variable
Firm idiosyncratic risk
RHS Variable
Shadow banking regulation
Source of Exogenous Variation
Implementation of China’s New Asset Management Regulation, a strict regulatory policy targeting shadow banking activities
- Fang, Li, Smith, and Liao (2025), “Does Shadow Banking Regulation Constrain the Idiosyncratic Risk of Firms? Evidence from a Quasi-Natural Experiment in China”