{"id":"https://openalex.org/W4308293305","doi":"https://doi.org/10.1016/j.pacfin.2022.101885","title":"Government intervention, leverage adjustment, and firm performance: Evidence from defaulting firms","display_name":"Government intervention, leverage adjustment, and firm performance: Evidence from defaulting firms","publication_year":2022,"publication_date":"2022-11-06","ids":{"openalex":"https://openalex.org/W4308293305","doi":"https://doi.org/10.1016/j.pacfin.2022.101885"},"language":"en","primary_location":{"id":"doi:10.1016/j.pacfin.2022.101885","doi":"https://doi.org/10.1016/j.pacfin.2022.101885","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.pacfin.2022.101885","pdf_url":null,"source":{"id":"https://openalex.org/S29049940","display_name":"Pacific-Basin Finance Journal","issn_l":"0927-538X","issn":["0927-538X","1879-0585"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Pacific-Basin Finance Journal","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5100338771","display_name":"Mingming Li","orcid":"https://orcid.org/0000-0002-4702-6350","observed_orcids":["https://orcid.org/0000-0002-4702-6350","https://orcid.org/0000-0002-3012-152X"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Mingming Li","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5100735322","display_name":"Haiming Liu","orcid":"https://orcid.org/0000-0003-3978-049X","observed_orcids":["https://orcid.org/0000-0003-3978-049X","https://orcid.org/0009-0008-8631-6589"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Haiming Liu","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5061578365","display_name":"Yao\u2010Min Chiang","orcid":"https://orcid.org/0000-0001-8684-8122","observed_orcids":["https://orcid.org/0000-0001-8684-8122"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Yao-Min Chiang","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":2410,"currency":"USD","value_usd":2410},"apc_paid":null,"fwci":2.528,"has_fulltext":false,"cited_by_count":22,"citation_normalized_percentile":{"value":0.9036553,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":99},"biblio":{"volume":"76","issue":null,"first_page":"101885","last_page":"101885"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9014000296592712,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9014000296592712,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12225","display_name":"Political Influence and Corporate Strategies","score":0.03920000046491623,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12509","display_name":"Corporate Insolvency and Governance","score":0.025499999523162842,"subfield":{"id":"https://openalex.org/subfields/3308","display_name":"Law"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/government-intervention","display_name":"state intervention","score":0.9980000257492065},{"id":"https://openalex.org/keywords/leverage-adjustment","display_name":"leverage adjustment","score":0.6520000100135803},{"id":"https://openalex.org/keywords/firm-default","display_name":"firm default","score":0.6520000100135803},{"id":"https://openalex.org/keywords/financial-constraints","display_name":"financial constraints","score":0.6489999890327454},{"id":"https://openalex.org/keywords/debt-crisis","display_name":"debt crisis","score":0.6069999933242798},{"id":"https://openalex.org/keywords/overinvestment","display_name":"overinvestment","score":0.8519999980926514},{"id":"https://openalex.org/keywords/firm-performance","display_name":"firm performance","score":0.9300000071525574},{"id":"https://openalex.org/keywords/resource-allocation","display_name":"resource allocation","score":0.6179999709129333},{"id":"https://openalex.org/keywords/china","display_name":"China","score":0.6389999985694885}],"concepts":[{"id":"https://openalex.org/C69637215","wikidata":"https://www.wikidata.org/wiki/Q702362","display_name":"Default","level":2,"score":0.9548629522323608},{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.7675598859786987},{"id":"https://openalex.org/C2777764128","wikidata":"https://www.wikidata.org/wiki/Q189539","display_name":"Loan","level":2,"score":0.5815284252166748},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5673723220825195},{"id":"https://openalex.org/C84265765","wikidata":"https://www.wikidata.org/wiki/Q193219","display_name":"Subsidy","level":2,"score":0.5664127469062805},{"id":"https://openalex.org/C172886114","wikidata":"https://www.wikidata.org/wiki/Q597339","display_name":"Economic interventionism","level":3,"score":0.5610381960868835},{"id":"https://openalex.org/C159091798","wikidata":"https://www.wikidata.org/wiki/Q157165","display_name":"Creditor","level":3,"score":0.5282090306282043},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.46027040481567383},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.4430468678474426},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.39059820771217346},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.38219866156578064},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.35617172718048096},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.29401224851608276},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.09122762084007263},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1016/j.pacfin.2022.101885","doi":"https://doi.org/10.1016/j.pacfin.2022.101885","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.pacfin.2022.101885","pdf_url":null,"source":{"id":"https://openalex.org/S29049940","display_name":"Pacific-Basin Finance Journal","issn_l":"0927-538X","issn":["0927-538X","1879-0585"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Pacific-Basin Finance Journal","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:pacfin:v:76:y:2022:i:c:s0927538x22001809","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0927538X22001809","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Peace, justice, and strong institutions","id":"https://metadata.un.org/sdg/16","score":0.5473999977111816},{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.48510000109672546}],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"},{"id":"https://openalex.org/F4320326185","display_name":"Taishan Scholar Foundation of Shandong Province","ror":null},{"id":"https://openalex.org/F4320336573","display_name":"Humanities and Social Sciences Youth Foundation, Ministry of Education of the People's Republic of China","ror":null}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":64,"referenced_works":["https://openalex.org/W110833536","https://openalex.org/W1540878127","https://openalex.org/W1586139963","https://openalex.org/W1993346931","https://openalex.org/W2001207504","https://openalex.org/W2003360303","https://openalex.org/W2020082345","https://openalex.org/W2027889275","https://openalex.org/W2030132760","https://openalex.org/W2040608055","https://openalex.org/W2052553850","https://openalex.org/W2059520058","https://openalex.org/W2060659527","https://openalex.org/W2067944410","https://openalex.org/W2099737377","https://openalex.org/W2124684633","https://openalex.org/W2133369488","https://openalex.org/W2156471341","https://openalex.org/W2395086741","https://openalex.org/W2425972614","https://openalex.org/W2557636452","https://openalex.org/W2565913800","https://openalex.org/W2591839663","https://openalex.org/W2593188149","https://openalex.org/W2744818695","https://openalex.org/W2769158306","https://openalex.org/W2778287781","https://openalex.org/W2885378337","https://openalex.org/W2906623539","https://openalex.org/W3023505870","https://openalex.org/W3088158906","https://openalex.org/W3121131820","https://openalex.org/W3121209461","https://openalex.org/W3121235470","https://openalex.org/W3121335362","https://openalex.org/W3121453444","https://openalex.org/W3121767774","https://openalex.org/W3122230580","https://openalex.org/W3122318765","https://openalex.org/W3122420571","https://openalex.org/W3122697043","https://openalex.org/W3122705141","https://openalex.org/W3122853031","https://openalex.org/W3122978481","https://openalex.org/W3123142049","https://openalex.org/W3123206484","https://openalex.org/W3123995815","https://openalex.org/W3124117485","https://openalex.org/W3124243320","https://openalex.org/W3124557370","https://openalex.org/W3124558241","https://openalex.org/W3124896946","https://openalex.org/W3124948273","https://openalex.org/W3125087107","https://openalex.org/W3125316126","https://openalex.org/W3125321779","https://openalex.org/W3125402871","https://openalex.org/W3125558204","https://openalex.org/W3125686936","https://openalex.org/W3125723227","https://openalex.org/W3125822680","https://openalex.org/W3126045964","https://openalex.org/W3148998702","https://openalex.org/W3216191184"],"related_works":["https://openalex.org/W4313166574","https://openalex.org/W2390292887","https://openalex.org/W4416783170","https://openalex.org/W4393342553","https://openalex.org/W7097524435","https://openalex.org/W7098997431","https://openalex.org/W2185347548","https://openalex.org/W3172354413","https://openalex.org/W4386536664","https://openalex.org/W4414286140"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":7},{"year":2025,"cited_by_count":7},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":1}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2022-11-10T00:00:00"}