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Yilong Han

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Nov 2026

Downstream Credit Shock and Construction Firm Debt Burden: A Dynamic Capabilities Perspective

Successive global financial and geopolitical shocks have intensified credit market tightness, heightening uncertainty in developer financing, which in turn exposes construction firms reliant on these downstream payments to acute credit shocks. However, this issue has not been sufficiently examined in the existing lit...

Zhiwei Liao, Lin Zhu, Yilong Han et al. · 0 citations

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