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Cited by 353

The DOI matches its Crossref record; 72 of the 72 references it cites were found in a registry or an index.

Entrusted loans: A close look at China's shadow banking system

Open access
Allen, Franklin, Qian, Yiming, Tu, Guoqian, Yu, Frank·2019·Journal of Financial Economics
DOI 10.1016/j.jfineco.2019.01.006
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Abstract

We perform transaction-level analyses of entrusted loans – the largest component of shadow banking in China. There are two types – affiliated and non-affiliated. The latter involve a much higher interest rate than the former and official bank loan rates, and largely flow into the real estate industry. Both involve firms with privileged access to cheap capital to channel funds to less privileged firms and increase when credit is tight. The pricing of entrusted loans, especially that of non-affiliated loans, incorporates fundamental and informational risks. Stock market reactions suggest that both affiliated and non-affiliated loans are fairly-compensated investments.

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Metadata

Authors
Allen, F., Qian, Y., Tu, G., & Yu, F.
Venue
Journal of Financial Economics
Publisher
Elsevier BV
Published
2019-07
Volume
133
Issue
1
Pages
18-41
ISSN
0304-405X (ISSN-L)
DOI
10.1016/j.jfineco.2019.01.006
OpenAlex
W3122843659
Cited by
353
References
72
FWCI
36.93
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Entrusted loans: A close look at China's shadow banking system. https://app.cochat.ai/papers/10.1016/j.jfineco.2019.01.006
The paper
Allen, F., Qian, Y., Tu, G., & Yu, F. (2019). Entrusted loans: A close look at China's shadow banking system. Journal of Financial Economics. https://doi.org/10.1016/j.jfineco.2019.01.006

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.