Audit Committee Chair’s Geographic Distance and Cost of Equity Capital

Using a sample of A-share listed companies in China for the period 2007-2018, this paper empirically tests impact geographical distance audit committee chair (ACC) on company’s cost equity capital. The study found that there is significant positive correlation between ACC and capital, regulatory strength will weaken relationship two. This conclusion still holds after series robustness tests. research not only enriches characteristics chairs, expands extension economics field financial accounting, but also provides certain theoretical support test evidence to select reduce It great significance improve performance level protect interests investors.