Independent directors, corporate ownership and cost of debt: Do politically connected independent directors matter? Evidence from China
نویسندگان
چکیده
This research seeks to determine whether politically connected independent directors (PCIDs) have a substantial effect in lowering the cost of debt (CoD). Therefore, aims explain relationship between political ties and debt, state ownership debt. In addition, we analyze influence corporate on connection. To illustrate this, empirically study panel data which was separated into two periods (2011–2012 2013–2014) state-owned non-state-owned firms (SOEs non-SOEs). We discovered that PCIDs had considerable unfavorable CoD, particularly non-SOEs. As result shared resource knowledge government procurement contracts, finance, law, CoD non-SOEs is reduced. The findings this add existing literature by employing from China demonstrating impact decreasing for
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ژورنال
عنوان ژورنال: International Journal of Management and Sustainability
سال: 2023
ISSN: ['2306-0662', '2306-9856']
DOI: https://doi.org/10.18488/11.v12i2.3276