Creditor reliance on accounting-based debt covenants suggests that debtors are potentially
concerned with board of director characteristics that influence the integrity of financial …

Using governance metrics based on antitakeover provisions and inside ownership, we find
that firms with weaker corporate governance structures actually have smaller cash reserves. …

We investigate the impact of founding family ownership structure on the agency cost of debt.
We find that founding family ownership is common in large, publicly traded firms and is …

We examine the relation between auditor characteristics (quality and tenure) and the cost of
debt financing. Consistent with the hypothesis that audit characteristics are important to the …

We examine the relation between the cost of debt financing and a governance index that
contains various antitakeover and shareholder protection provisions. Using firm-level data from …

Prior literature finds that diversified firms sell at a discount relative to the sum of the imputed
values of their business segments. We explore this documented discount and argue that it …

We investigate the impact of political institutions on corporate risk-taking. Using a large
sample of non-financial firms from 77 countries covering the period from 1988 to 2008, we find …

We examine the relation between analyst forecast characteristics and the cost of debt
financing. Consistent with the view that the information contained in analysts’ forecasts is …

Recent research suggests that firm internationalization is associated with greater exchange
rate risk and a higher cost of equity capital. However, there is no research on the relation …

This article examines whether customer satisfaction is associated with key metrics from
corporate bond markets—namely, credit ratings and cost of debt financing. The authors draw on …