Moral Risks in Turning Loan into Share
WU Ya-qin,XIAO Wei-pin
DOI:
Received ,Revised , Accepted , Available online July 01, 2015
Volume ,2000,Pages 46-49
- Abstract
Turning loan into share is one of the paths to lighten the burden of the state-owned enterprises in China. But there exist three moral risks in this process. It is necessary to establish a series of mechanism of restraining the enterprise, bank and local government to guard against it.