Results 1 to 10 of about 785,697 (353)
The Journal of Finance, 2010 ABSTRACTWe use exogenous variation in tax benefit functions to estimate firm‐specific cost of debt functions that are conditional on company characteristics such as collateral, size, and book‐to‐market. By integrating the area between the benefit and cost functions, we estimate that the equilibrium net benefit of debt is 3.5% of asset value, resulting ...
Jules van Binsbergen +2 more
+5 more sources
CSR Disclosures, CSR Awards and Corporate Governance as Determinants of the Cost of Debt: Evidence from Malaysia [PDF]
International Journal of Financial Studies, 2022 The current study examines the relationship between corporate social responsibility (CSR) disclosures, media announcements of CSR awards and a firm’s cost of debt in Malaysia.
Shyamala Dhoraisingam Samuel +2 more
doaj +2 more sources
Executive Compensation and the Cost of Debt [PDF]
SSRN Electronic Journal, 2010 We examine how executive compensation affects the cost of debt financing. Analyzing CEO pay data from the UK, we find that debt-like and equity-like pay components have opposite effects on the cost of debt.
Kabir, Rezaul +2 more
core +9 more sources
Income smoothing and the cost of debt [PDF]
China Journal of Accounting Research, 2016 The literature on income smoothing focuses on the effect of earnings smoothing on the equity market. This paper investigates the effect of income smoothing on the debt market.
Si Li, Nivine Richie
doaj +3 more sources
The Effect of Lease Accounting on Credit Rating and Cost of Debt: Evidence from Firms in Korea [PDF]
Social Sciences, 2018 This study examines the effect of capital lease and operating lease options in accounting on credit ratings and the cost of debt using data for 13 years (2001 to 2013) on 6133 listed and unlisted domestic firms in Korea that recognize leases on financial
Younghee Park, Kyunga Na
doaj +2 more sources
The Influence of ESG Performance on Cost of Debt : The Moderating Role of Agency Cost
Riset Akuntansi dan Keuangan IndonesiaThis study examines the relationship between ESG (Environmental, Social, and Governance) performance and the cost of debt, with agency cost as a moderating variable.
Mohan Maulana Saputra, Eka Pria Anas
doaj +3 more sources
Criminals, bankruptcy, and cost of debt [PDF]
Review of Accounting Studies, 2021 AbstractWe examine whether criminal records of CEOs and rank-and-file employees are associated with firms’ likelihood of bankruptcy, and whether lenders adjust their required cost of debt accordingly. We use a nationwide sample of private firms and criminal registers covering all firm employees.
Kasper Regenburg +1 more
openaire +3 more sources
Does debt structure heterogeneity reduce the cost of capital?
Revista Contabilidade & Finanças, 2022 This paper seeks to investigate the relationship between the level of debt structure heterogeneity and the cost of debt of publicly and privately held Brazilian companies in the period from 2020 to 2019.
João Paulo Augusto Eça +1 more
doaj +2 more sources
The Cost of Debt of Corporations: Does Subsidiary Debt Matter?
SSRN Electronic Journal, 2015 Michela Altieri
openalex +2 more sources
Debt Capacity, Cost of Debt, and Corporate Insurance [PDF]
Journal of Financial and Quantitative Analysis, 2008 AbstractUsing a unique insurance dataset for a sample of Chinese publicly listed companies for the period 1997 through 2003, this study tests the simultaneous linkages between debt capacity, cost of debt, and corporate property insurance. Our results suggest that, on the one hand, a higher cost of debt appears to motivate the use of more property ...
Zou, H, Adams, MB
openaire +3 more sources