AI washing firms experience a 12.5 basis point relative increase in debt financing costs after the 14th Five Year Plan, with effects amplified by management shareholding and analyst attention but attenuated by supply chain concentration and bank proximity.
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Dissipation of Debt Financing Privilege on Corporate AI Washing: Evidence from China
AI washing firms experience a 12.5 basis point relative increase in debt financing costs after the 14th Five Year Plan, with effects amplified by management shareholding and analyst attention but attenuated by supply chain concentration and bank proximity.