...Kangqi Jiang; Xin Xie; Yu Xiao; Badar Nadeem Ashraf Purpose The main purpose of this study is to examine the effect of corporate digital transformation on bond credit spreads. Additionally, it also explores the two potential channels, information asymmetry and default risk, through which digital...

... quality, which in turn lowers the cost of debt financing. Research limitations/implications The results imply that the opening of high-speed railways helps to alleviate the information asymmetry and adverse selection between firms and creditors and ultimately reduces the cost of corporate debt...

... 2016 01 07 2016 © Emerald Group Publishing Limited 2016 Emerald Group Publishing Limited Licensed re-use rights only Information asymmetry Venture capital Double-sided moral hazard Information screening Optimal contract G24 Private equity market has been...

... mitigate the information asymmetry problem and the agency problem of financing via equity. Consequently, firms listed in the USA will rely more on equity and have lower leverage ratio. The difference in leverage ratio of US listed and Hong Kong listed companies should be larger when the marginal benefit...

..., suggesting that conservatism can expend the level of investment by decreasing information asymmetry and cost of capital; however, the association between accounting conservatism and capital expenditure is significantly negative when inside capital is enough to use for investment, suggesting that conservatism...