Chou, Ting-Kai; Ou, Chin-Shyh; Tsai, Shu-Huan - In: Journal of Banking & Finance 42 (2014) C, pp. 42-59
The objective of this study is to examine the relationship between strategic alliances and the cost of debt, proxied by … the at-issue yield spread of bond offerings. We hypothesize that the participation of strategic alliances lowers a firm …. Furthermore, we find that the mitigating effect of strategic alliances on the debt cost is much more pronounced for firms with …