Research on the Influence of Top Management Team Faultline on Listing Corporations’ Cost of Debt

DOI

10.2991/978-94-6463-488-4_62How to use a DOI?

Keywords

cost of debt; executive fault lines; external attention

Abstract

Lowering corporate debt costs can maximize business benefits and is a crucial strategy for ensuring the healthy and sustainable development of enterprises. In this paper, we systematically investigate the impact of executive faultlines on the debt costs of publicly listed companies. We select data from Chinese publicly listed companies spanning from 2002 to 2019 as our research sample and find that the presence of executive fault-lines significantly contributes to lowering the debt costs for publicly traded firms. Importantly, this effect is markedly enhanced when the companies are subject to greater scrutiny from external stakeholders.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Huihui Liang
PY  - 2024
DA  - 2024/08/29
TI  - Research on the Influence of Top Management Team Faultline on Listing Corporations’ Cost of Debt
BT  - Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024)
PB  - Atlantis Press
SP  - 548
EP  - 554
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-488-4_62
DO  - 10.2991/978-94-6463-488-4_62
ID  - Liang2024
ER  -