Exploring the Agency Cost of Debt: Evidence from the ISS Governance Standards

• Main Authors: Pornsit Jiraporn, Pandej Chintrakarn, Jang Chul Kim, Yixin Liu
• Other Authors: Pennsylvania State University
• Format: Article
• Published: 2018
• Subjects: Business, Management and Accounting; Economics, Econometrics and Finance
• Online Access: https://repository.li.mahidol.ac.th/handle/123456789/31433
• Institution: Mahidol University

Corporate governance is usually viewed in the context of strengthening shareholder rights and enhancing shareholders' welfare. However, the impact of corporate governance on bondholders is much less understood. We explore how corporate governance influences the cost of debt financing. Using bro...