Plausibly Exogenous [750] - Share Pledging (02/07/2022)
LHS Variable
Entrepreneurial activities
RHS Variable
Share pledging
Source of Exogenous Variation
Launch of the exchange market in 2013 as a experiment that favors share pledging by natural person shareholders against that by legal entity shareholders
- He, Liu, and Zhu (2022), “Share Pledging in China: Funding Listed Firms or Funding Entrepreneurship?”