| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 7339582 | Advances in Accounting | 2018 | 19 Pages |
Abstract
This study examines the impact of Chief Executive Officer (CEO) network centrality on bond ratings at the firm level. Using multiple dimensions of social connectedness, we find a significant positive relation between CEO network centrality and bond ratings, suggesting that firms with better connected CEOs are more likely to receive high bond ratings. Our results still hold after a battery of additional tests. We also find that firms with better connected CEOs experience lower cost of debt. Overall, our study supports the notion in social science research that well-connected individuals can bring benefits to their firms.
Keywords
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Accounting
Authors
Christopher J. Skousen, Xuehu (Jason) Song, Li Sun,