In this paper, we investigate whether material asset reorganizations (MARs), a special form of merger and acquisition (M&A) transactions, can affect the acquirers' cost of debt financing. Further, we examine the effect of acquiring firms' accounting information quality on the cost of debt and on...

This study attempts to examine the influence of six determinants on capital structure - asset collateral, life of firm, business risk, growth rate, profitability, non-tax shield - of listed aluminium companies of India for the 17 years from 1991-1992 to 2007-2008. The result reveals that the...

China's slowing economic growth and rapid urbanization have made local government debt financing a significant issue. This study uses a sample of China's provincial government data for the 2006-2012 period to examine the effect of the disclosure of financial information by local governments on...

This study examines whether audit firm industry specialization affects the cost of debt finance of business. We hypothesize that audit firm industry specialization reduces client cost of debt since auditors with industry specialization are more likely to deter and detect questionable accounting...

Using Chinese comment letters data, we investigate the impact of the disclosure of comment letters on the cost of debt financing. Empirical results show that when the comment letters are publicly disclosed, creditors charge borrowers significantly higher cost of debt financing. Furthermore, when...

China's slowing economic growth and rapid urbanization have made local government debt financing a significant issue. This study uses a sample of China’s provincial government data for the 2006–2012 period to examine the effect of the disclosure of financial information by local governments...