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

Huihui Liang ()
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Huihui Liang: Jinan University, School of Economics

A chapter in Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024), 2024, pp 548-554 from Springer

Abstract: 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.

Keywords: cost of debt; executive fault lines; external attention (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-488-4_62

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DOI: 10.2991/978-94-6463-488-4_62

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