@article {25591,
	title = {SOE preference and credit misallocation: A model and some evidence from China},
	journal = {Economics Letters},
	volume = {138},
	year = {2016},
	pages = {38-41},
	abstract = {We endogenize credit misallocation by introducing the government{\textquoteright}s preference. The local government determines the credit subsidy to SOEs after a trade-off between SOEs{\textquoteright} profits and local aggregate outputs. Credit misallocation is more severe in regions where SOE share is high.},
	url = {https://www.sciencedirect.com/science/article/abs/pii/S0165176515004796},
	author = {Wei Xu and Yongwei Chen and Mohan Zhou and Yi Zhou}
}
