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Author

Wan Chao

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Open access 2026

Corporate Leverage Ratio and Total Factor Productivity: Promotion or Inhibition? Empirical Evidence of the Role of Shareholding Concentration

In the context of China’s high-quality economic development, enhancing Total Factor Productivity (TFP) is of great importance. Employing data from 799 non-financial companies listed on the Shanghai and Shenzhen main boards from 2007 to 2024, this study investigates the impact of corporate leverage ratio on TFP and its...

Xu Li, Wan Chao · 0 citations

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