Corporate investment, government control, and financing channels: Evidence from China's Listed Companies

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A balancing act: Managing financial constraints and agency costs to minimize investment inefficiency in the Chinese market (2016, background): “For instance, government bureaucrats may use their influence to over-invest in order to achieve their political objectives (Firth et al., 2012).”
To what extent did the economic stimulus package influence bank lending and corporate investment decisions? Evidence from China (2018, background): “5 These measures include (1) the ratio of change in net fixed assets plus depreciation to total net fixed assets (Pindado et al., 2011; Firth et al., 2012) and (2) net capital expenditure to total assets (Firth et al., 2008).”