Cross-border regulatory cooperation and debt choice

被引：0
|
作者：
Dak-Adzaklo, Adelaide [1 ]
Kaiser, Daniel [2 ]
机构：
[1] Xiamen Univ, Wang Yanan Inst Studies Econ, Xiamen, Peoples R China
[2] Umea Univ, Umea Sch Business Econ & Stat, S-90187 Umea, Sweden
来源：
ECONOMICS LETTERS | 2024年 / 242卷
关键词：
SEC oversight; MMoU; Debt choice;
D O I：
10.1016/j.econlet.2024.111858
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The objective of this study is to examine the role of regulatory oversight in firms' choice of debt. Using the signing of the Multilateral Memorandum of Understanding (MMoU) as a quasi-natural experiment, we find that enhanced SEC oversight facilitates public debt contracting, especially for firms with severe agency problems. Our study has important implications for both research and practice.
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页数：4
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