... system Financial development Corporate governance system Institutional theory Cost of debt Syndicated bank loans Although there is evidence of the influence of the institutional environment of the borrowers’ countries in companies’ capital structure (Rajan and Zingales, 1998 ; Giannetti...

...Sami Bacha; Aymen Ajina; Sourour Ben Saad Purpose This study aims to shed light on the effect of corporate social responsibility (CSR) on the cost of debt. It also investigates whether audit quality affects the cost of debt incurred by socially responsible firms. Design/methodology/approach...

.../approach Fixed effects regression analysis is used to test the relation between the political sensitivity of government contractor firms and their cost of debt. Findings Results illustrated that government contractors with greater political sensitivity are associated with larger yield spreads...