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Effect of Corporate Governance on Borrowing Cost of Quoted Brewery Firms in Nigeria (2010-2015)

Amahalu, Nestor - 2017

of brewery firms listed on the floor of Nigeria Stock Exchange from 2010-2015. Ex-post fact research design was used for …The main objective of this study is to ascertain the determinants of audit quality in Nigeria. The specific objectives … this study. Secondary data were sourced from the publications of Nigeria stock exchange. Inferential statistics of the …

Persistent link: https://www.econbiz.de/10012958649

Does Government Ownership Affect the Cost of Debt? Evidence from Privatization

Borisova, Ginka - 2011

We explore whether government ownership affects the cost of debt using a sample of fully and partially privatized companies. On average across firms, a one-percentage-point decrease in government ownership is associated with an increase in the credit spread, used as a proxy for the cost of debt,...

Persistent link: https://www.econbiz.de/10013128790

Internal Governance, Legal Institutions and Bank Loan Contracting Around the World

Ge, Wenxia - 2013

Using a sample of non-U.S. firms from 22 countries during 2003–2007, we examine the effect of firm-level governance on various features of loan contracting in the international loan market. We find that banks charge lower loan rates, offer larger and longer-maturity loans, and impose fewer...

Persistent link: https://www.econbiz.de/10013086527

Politically connected independent commissioners and independent directors on the cost of debt

Junus, Onong; Harymawan, Iman; Nasih, Mohammad; … - In: International Journal of Financial Studies : open … 10 (2022) 2, pp. 1-21

This study examines the relationship between politically connected independent commissioners and independent directors regarding the cost of debt. The sample is all companies listed on the Indonesia Stock Exchange for the 2010-2017 period, totaling 327 companies with a total data value of 1722...

Persistent link: https://www.econbiz.de/10013252800

Groups, pricing, and cost of debt : evidence from Turkey

Küllü, A. Melih; Raymar, Steven B. - In: Journal of risk and financial management : JRFM 11 (2018) 1, pp. 1-31

The paper examines the impact of business group affiliation on cost of loans in an emerging market setting. It focuses on operational strategy, organizational structure and internationalization policies of business group firms and their impact on borrowing cost of affiliated firms. Bank loans...

Persistent link: https://www.econbiz.de/10011855158

How do investors perceive CEOs' style of sustainability reporting? : the adverse effect on cost of equity capital

Lopatta, Kerstin; Kaspereit, Thomas; Tideman, Sebastian A. - In: SSRN eLibrary (2018)

How do investors perceive CEOs' style of sustainability reporting? To answer this question, we connect the reporting style of CEOs with sustainability reporting and sustainability performance at firm level and analyze the joint effect of CEOs' reporting styles, sustainability reporting and...

Persistent link: https://www.econbiz.de/10012822388

Shareholder Protection and the Cost of Capital

Houston, Joel F.; Lin, Chen; Xie, Wensi - 2018

Do shareholder protection laws affect the corporate cost of capital? To identify the causal impact of shareholder protection laws on firms’ implied cost of capital, we exploit the staggered adoption across 23 U.S. states of universal demand (UD) laws, which place significant obstacles to...

Persistent link: https://www.econbiz.de/10014133211

Consequences of Financial Reporting Failure for Outside Directors : Evidence from Accounting Restatements and Audit Committee Members

Srinivasan, Suraj - 2011

I use a sample of 409 companies that restate their earnings in 1997-2001 to examine penalties for outside directors, particularly audit committee members, when their companies experience accounting restatements. Penalties from lawsuits and Securities Exchange Commission (SEC) actions are...

Persistent link: https://www.econbiz.de/10013122906

Finance, control, and profitability : the influence of German banks

Chirinko, Robert S.; Elston, Julie Ann Michelle - 2003

Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms. Germany is the prototypical economy where universal banks allegedly exert substantial influence over firms. Despite frequent assertions about the considerable power of German...

Persistent link: https://www.econbiz.de/10011511071

Board Quality and the Cost of Debt Capital : The Case of Bank Loans

Fields, Paige - 2011

We analyze the relation between comprehensive measures of board quality and the cost as well as the non-price terms of bank loans. We show that firms with higher quality boards and even a single (non-insider) advisory board member borrow at lower interest rates. This relation exists even after...

Persistent link: https://www.econbiz.de/10013133661

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