Pith Number

pith:DWLYCGL6

pith:2026:DWLYCGL6R4P2L2NPSWWCIM7YB6

not attested not anchored not stored refs resolved

Dissipation of Debt Financing Privilege on Corporate AI Washing: Evidence from China

Congluo Xu, Jiuyue Liu, Xiangsheng Zheng, Ziyang Li

Chinese firms that overstate AI activities face higher debt costs after the 14th Five-Year Plan

arxiv:2605.16808 v1 · 2026-05-16 · econ.GN · q-fin.EC

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\pithnumber{DWLYCGL6R4P2L2NPSWWCIM7YB6}

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Record completeness

1 Bitcoin timestamp

2 Internet Archive

3 Author claim open · sign in to claim

4 Citations open

5 Replications open

✓ Portable graph bundle live · download bundle · merged state

The bundle contains the canonical record plus signed events. A mirror can host it anywhere and recompute the same current state with the deterministic merge algorithm.

Claims

C1strongest claim

Difference in differences estimations reveal that AI washing firms experience a 12.5 basis point relative increase in debt financing cost afterward.

C2weakest assumption

The residual between AI narrative intensity and patent output validly captures strategic deception rather than benign ambition, as confirmed by external validation through subsidy extraction and future regulatory violations.

C3one line summary

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.

References

113 extracted · 113 resolved · 0 Pith anchors

[1] Management Science , volume= 2019

[2] Applied Economics Letters , pages= 2026

[3] Finance Research Letters , pages= 2026

[4] Journal of Business Research , volume= 2026

[5] Organizational Dynamics , volume= 2015

Formal links

2 machine-checked theorem links

Receipt and verification

First computed	2026-05-20T00:03:23.356946Z
Builder	pith-number-builder-2026-05-17-v1
Signature	Pith Ed25519 (`pith-v1-2026-05`) · public key
Schema	pith-number/v1.0

Canonical hash

1d9781197e8f1fa5e9af95ac2433f80f9f130ef981450fb00bebfd33b589ee81

Aliases

arxiv: 2605.16808 · arxiv_version: 2605.16808v1 · doi: 10.48550/arxiv.2605.16808 · pith_short_12: DWLYCGL6R4P2 · pith_short_16: DWLYCGL6R4P2L2NP · pith_short_8: DWLYCGL6

Agent API

Resolver JSON Graph JSON Events JSON Schema Signing key

Verify this Pith Number yourself

curl -sH 'Accept: application/ld+json' https://pith.science/pith/DWLYCGL6R4P2L2NPSWWCIM7YB6 \
  | jq -c '.canonical_record' \
  | python3 -c "import sys,json,hashlib; b=json.dumps(json.loads(sys.stdin.read()), sort_keys=True, separators=(',',':'), ensure_ascii=False).encode(); print(hashlib.sha256(b).hexdigest())"
# expect: 1d9781197e8f1fa5e9af95ac2433f80f9f130ef981450fb00bebfd33b589ee81

Canonical record JSON

{
  "metadata": {
    "abstract_canon_sha256": "35ecb4ec0dc28f4e73122086b399d7b32926c3a59cf91ef4252ef0e2270c3e40",
    "cross_cats_sorted": [
      "q-fin.EC"
    ],
    "license": "http://arxiv.org/licenses/nonexclusive-distrib/1.0/",
    "primary_cat": "econ.GN",
    "submitted_at": "2026-05-16T04:36:19Z",
    "title_canon_sha256": "df6289a04527771d67f6b0c0099361b04a820476fda73f2478f36ee6cd4a4298"
  },
  "schema_version": "1.0",
  "source": {
    "id": "2605.16808",
    "kind": "arxiv",
    "version": 1
  }
}