structure of corporate ownership. Capital structure, as an element of the system of corporate governance, is investigated. A … von Kapital der Anteilseigner, Kapitalkosten und Kapitalstruktur (dem Verhältnis von Fremd- zu Eigenkapital … Anteil an Schulden in der Kapitalstruktur und somit entstehen auch höhere Kapitalkosten. Somit stellt die Kapitalstruktur von …

We examine the effect of managerial ownership on the cost of debt as measured by the interest rate spread on corporate … bonds for Japanese firms. First, we find that the managerial ownership is positively associated with interest rate spread … after controlling for the other Japanese ownership structure, cross-shareholding and the stable shareholdings by financial …

We study how firms' ownership structure affects the cost of debt using evidence from Chinese corporate bond market. Our … result shows state, institutional, and foreign ownership all help to reduce firms' cost of debt. The effect of state … ownership is more pronounced if the issuer is headquartered in stronger marketized provinces, operates in industries less …