Examine asset specificity with big data on non-performing assets: Metrics, determinants and economic consequences 基于不良资产大数据的资产专用性研究：度量、决定因素及经济后果

This project plans to directly measure asset specificity in China using big data on non-performing asset transactions and analyze its determinants and impact on corporate investment and financing. This project will provide a comprehensive measure and perform empirical analyses of asset specificity for Chinese enterprises, which is helpful to resolve the theoretical controversy about the impact of asset specificity on corporate investment and financing, provide data support for related research on corporate finance in China, and provide reference for the value assessment of non-performing assets.