Cost of debt financing: Does political connection matter?

Karren Lee-Hwei Khaw, Rozaimah Zainudin and Rasidah Mohd Rashid

Emerging Markets Review, 2019, vol. 41, issue C

Abstract: •Impacts of political connections on cost of debt differ depending on the incentives in establishing political ties.•Executive and non-executive functions of a chairperson can be a distinctive measure to classify the underlying incentives.•PCON executive chairpersons benefit the firms, but PCON non-executive chairpersons are costly to firms.•Better corporate governance can mitigate unethical political influences and rent-seeking activities.

Date: 2019
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ememar:v:41:y:2019:i:c:s1566014119301347

DOI: 10.1016/j.ememar.2019.100632

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