【作者单位】1 School of Management, Xi’an Jiaotong University, Xi’an, P.R.China 2 Department of Accountancy, City University of Hong Kong, Kowloon, Hong Kong 3 School of Business, Bryant University, Smithfield, USA
【年份】2016
【卷号】Vol.48No.38
【页码】3626-3643
【关键词】Loan guarantee cost of debt state-owned enterprises information asymmetry E43 G21 G28 G32
【摘要】 In this article, we examine the potential influence of loan guarantees and the nature of ownership on a company’s cost of debt. Using data on Chinese A-share listed companies from 2007 to 2014, we find that guaranteeing another entity’s debt signific...
