“Forced” or “Voluntary”? The impact of local government implicit debt on bank risk-taking—based on the perspective of credit resource allocation

Humanities and Social Sciences Communications, Published online: 19 June 2026; doi:10.1057/s41599-026-07980-9 “Forced” or “Voluntary”? The impact of local government implicit debt on bank risk-taking—based on the perspective of credit resource allocation