Board characteristics, accounting report integrity, and the cost of debt

Article Abstract:

A study showing that the cost of debt is inversely proportionate to the board size or board independence is furnished. It is also observed that the cost of debt financing is substantially lower in the cases of business enterprises whose accounting reports are prepared by a fully independent audit committee.

Auditing, Debt financing (Corporations), Debt financing, Global economy, Boards of directors

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Earnings-based bonus plans and the agency costs of debt

Article Abstract:

The implications of earnings-based cash bonus compensation for managers on reduction of agency conflicts with debt holders are discussed.

Management Compensation, Executives, Executive compensation, Debtor and creditor, Agency (Law)

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Founding-family ownership and firm performance: evidence from the S&P 500

Article Abstract:

Family-owned and operated businesses outperform nonfamily businesses, according to this study.

Financial management, Finance, Family-owned business enterprises, Family-owned businesses, Company financing, Family corporations

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