#2720. Housing Market Speculation and Firm Productivity: Evidence from China
April 2027 | publication date |
Proposal available till | 30-05-2025 |
5 total number of authors per manuscript | 6020 $ |
The title of the journal is available only for the authors who have already paid for |
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Journal’s subject area: |
Economics, Econometrics and Finance (all); |
Places in the authors’ list:
1 place - free (for sale)
2 place - free (for sale)
3 place - free (for sale)
4 place - free (for sale)
5 place - free (for sale)
Abstract:
Rising house prices could create speculation opportunities for businesses. Many firms are trying to take advantage of these opportunities for quick returns. The results show that speculation in the housing market negatively affects firms productivity by crowding out investment in research and development and manufacturing capital assets, and that the positive effects of balance sheet strengthening and improved financial capacity are outweighed by the crowding out effect.
Keywords:
firm productivity; housing market speculation; institutional environment
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