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
相关论文
共 50 条
  • [21] Debt capacity, cost of debt, and corporate insurance
    Zou, Hong
    Adams, Mike B.
    [J]. JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, 2008, 43 (02) : 433 - 466
  • [22] Corporate hedging and the cost of debt
    Chen, Jun
    King, Tao-Hsien Dolly
    [J]. JOURNAL OF CORPORATE FINANCE, 2014, 29 : 221 - 245
  • [23] Corporate governance and the choice between bank debt and public debt
    Ahmed, Irfan
    Mehmood, Owais
    Ghafoor, Zeshan
    Jamil, Syed Hassan
    Majeed, Afkar
    [J]. CORPORATE GOVERNANCE-THE INTERNATIONAL JOURNAL OF BUSINESS IN SOCIETY, 2024, 24 (01): : 59 - 80
  • [24] Corporate governance and the cost of debt: Evidence from director limited liability and indemnification provisions
    Bradley, Michael
    Chen, Dong
    [J]. JOURNAL OF CORPORATE FINANCE, 2011, 17 (01) : 83 - 107
  • [25] Private debt and the missing lever of corporate governance
    Baird, Douglas G.
    Rasmussen, Robert K.
    [J]. UNIVERSITY OF PENNSYLVANIA LAW REVIEW, 2006, 154 (05) : 1209 - 1251
  • [26] Mandatory subordinated debt and the corporate governance of banks
    Hamalainen, P
    [J]. CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW, 2004, 12 (01) : 93 - 106
  • [27] The role of debt contracts in UK corporate governance
    Day J.
    Taylor P.
    [J]. Journal of Management and Governance, 1998, 2 (2) : 171 - 190
  • [28] Corporate governance and access to interest bearing debt
    Aldamen, Husam
    Duncan, Keith
    [J]. JOURNAL OF FINANCIAL REPORTING AND ACCOUNTING, 2012, 10 (02) : 140 - 152
  • [29] Corporate Governance and Contractual Terms in Debt Financing
    Daum, Julia
    Dutzi, Andres
    [J]. CREATING GLOBAL COMPETITIVE ECONOMIES: 2020 VISION PLANNING & IMPLEMENTATION, VOLS 1-3, 2013, : 296 - 302
  • [30] Surprises of corporate governance and Russian firms debt
    Teplova, Tamara, V
    Sokolova, Tatiana, V
    [J]. JOURNAL OF ECONOMICS AND BUSINESS, 2019, 102 : 39 - 56
12345