Hu, Ning; Cao, Yanan; Zhou, Nan; Xue, Shuang - In: China journal of accounting studies 8 (2020) 1, pp. 97-120
higher cost of debt financing. Furthermore, when more questions or risk factors are contained in the comment letters or when … professional opinions from a third party are requested to issue, the cost of debt financing is further higher. However, when the … comment letters are not publicly disclosed, the cost of debt financing is not affected. In cross-sectional test, we find that …