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Social capital and cost of debt: Evidence from Chinese CEO network centrality

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اقرأ أكثر حفظ في قائمتي
  • معلومة اضافية
    • بيانات النشر:
      Edith Cowan University, Research Online, Perth, Western Australia
    • الموضوع:
      2024
    • Collection:
      Edith Cowan University (ECU, Australia): Research Online
    • نبذة مختصرة :
      Using a unique dataset comprising 6313 firm-year observations for Chinese listed firms between 2008 and 2017, we investigate the impact of CEO social capital on cost of debt. Our results show that CEO social capital is negatively related to cost of debt, and the impact of CEO social capital in environments with a low degree of marketization or social trust is more pronounced than in environments with a high degree of marketization or social trust. Moreover, our results reveal that two potential mechanisms, discretionary accruals and information disclosure quality, mediate the impact of CEO social capital on cost of debt.
    • File Description:
      application/pdf
    • Relation:
      https://ro.ecu.edu.au/ecuworks2022-2026/4007; https://ro.ecu.edu.au/context/ecuworks2022-2026/article/5008/viewcontent/Social_20capital_20and_20cost_20of_20debt.pdf
    • الرقم المعرف:
      10.1016/j.ememar.2024.101131
    • الدخول الالكتروني :
      https://ro.ecu.edu.au/ecuworks2022-2026/4007
      https://doi.org/10.1016/j.ememar.2024.101131
      https://ro.ecu.edu.au/context/ecuworks2022-2026/article/5008/viewcontent/Social_20capital_20and_20cost_20of_20debt.pdf
    • Rights:
      http://creativecommons.org/licenses/by-nc/4.0/
    • الرقم المعرف:
      edsbas.E2FBDFEF