Zhu, Hui; Cai, Kelly - In: Journal of Financial Research 37 (2014) 3, pp. 357-384
type="main" xml:lang="en" <title type="main">Abstract</title> <p>In this article we examine the impact of cultural distance on the pricing of corporate bonds issued in the United States. We find that greater cultural differences between U.S. investors and foreign issuers increase the cost of debt. We also find that the cost...</p>