| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5090058 | Journal of Banking & Finance | 2012 | 8 Pages |
Abstract
⺠Investigate association between Malaysian politically connected firms and the cost of debt. ⺠We provide evidence PCON firms are perceived to be riskier by lenders. ⺠Find PCON firms have higher leverage and more likely to report a loss. ⺠We provide evidence that PCON firms with CEO duality are perceived by lenders to be more risky. ⺠We provide evidence that PCON firms with more independent audit committees mitigate this risk.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Mark A. Bliss, Ferdinand A. Gul,