This study addresses the controversial issue of how non-financial performance affects the cost of debt capital and access to it. The relationship between corporate social performance and two measures of debt cost (accounting-based and market-based) and the measure of debt access are analysed by...

We model theoretically the optimal capital structure of entrepreneurial firm relying on an endogenous estimation of the return requested by entrepreneurs that compensates for the risk they incur in case of bankruptcy. We estimate the probability according to the Bayesian approach. We also...

This paper examines the relationship between firm performance and cost of debt. More specifically this paper shows the empirical evidence that fund providers charge lower cost on debt for highly performing companies compared to lower performing companies. We argue that profitable companies are...