The Cost of Debt Capital and Corporate Governance Practices

Published: Jan 1, 2007
Abstract
This study examines the association between the cost of debt capital and corporate governance practices. Utilizing a unique data set of firm-level corporate governance practices that is provided by the Korea Corporate Governance Service (KCGS), this study examines whether sound corporate governance practices reduce agency costs and thus the default risk and cost of debt capital of a firm. The findings indicate that corporate governance practices...
Paper Details
Title
The Cost of Debt Capital and Corporate Governance Practices
Published Date
Jan 1, 2007
Journal
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