...Matthew Faulkner; Tracie Frost; Stoyu I. Ivanov Purpose We examine the changes in a firm’s cost of debt after it is included in or removed from the S&P 500. The extant literature on index composition focuses on the cost of equity and lacks an understanding of the impacts on a firm’s cost...

... information asymmetries. The results are consistent with changes in information asymmetries between borrowers and lenders due to the IPO as an information releasing event playing an important role in determining the changes in the cost of debt of U.S firms around the IPO. On the other hand, economic...

... with heteroskedasticity-consistent standard errors. Findings The study reveals the significant effect of ESG performance (negative) and ESG controversies (negative) on the cost of debt capital and the substantial moderating effect of ESG controversies (positive). Additionally, it provides empirical evidence...

... that the effect of social capital is more pronounced for the issuing firms with higher agency cost of debt and lower institutional ownership. The effect of social capital is more prominent after financial crisis. Originality/value This paper provides novel evidence of the effect of social capital on the cost...

...Chwee Ming Tee Purpose The purpose of this paper is to examine whether the relationship between politically connected firms (PCFs) and the cost of debt is moderated by board attributes such as audit committee independence, ethnic board diversity, gender board diversity and family controlling...

...Praveen Kumar; Mohammad Firoz Purpose The purpose of this paper is to analyze the relationship between carbon emissions and a firm’s cost of debt (COD) in the Indian context. Design/methodology/approach The present study is based on the Indian firms who disclose their emissions data under...

...Yong-Sang Woo; Minjung Kang; Ho-Young Lee Purpose Audit firm bankruptcy can have significant negative impacts on the stock prices of client firms. The purpose of this paper is to identify determinants of audit firm bankruptcy risk as measured by costs of debt. Design/methodology/approach Using...