Corporate Governance and the Cost of Debt

被引：0
|
作者：
Cao Yanming [1 ]
机构：
[1] Shanxi Univ Finance & Econ, Sch Accounting, Taiyuan 030012, Peoples R China
来源：
PROCEEDINGS OF 2009 INTERNATIONAL CONFERENCE ON GROWTH OF FIRM AND MANAGEMENT INNOVATION | 2009年
关键词：
cost of debt; corporate governance;
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper examines the relation between corporate governance and the cost of debt using firm-level data of listed companies from China. Our results show that the cost of debt is negatively linked to the percentage of the biggest shareholder, the independence and scale of the board and managerial ownership which suggest that the ownership structure and the independence and scale of the board can mitigate the agency problem of debt.
引用
收藏
页码：173 / 178
页数：6
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