Conference Calls and the Cost of Debt

碩士 === 元智大學 === 商學碩士班(會計學程) === 101 === This study uses conference calls as a proxy to investigate the relationship between voluntary disclosures and the cost of debt. In addition, this study also aims to examine the effect of magnitudes of information disclosures on reducing the cost of debt throug...

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Main Authors: Ching-Chun Yang, 楊景惇
Other Authors: Jia-Chi Cheng
Format: Others
Language:zh-TW
Online Access:http://ndltd.ncl.edu.tw/handle/56560465125646091081
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spelling ndltd-TW-101YZU057360182016-03-18T04:41:48Z http://ndltd.ncl.edu.tw/handle/56560465125646091081 Conference Calls and the Cost of Debt 法人說明會與債務資金成本關聯性之研究 Ching-Chun Yang 楊景惇 碩士 元智大學 商學碩士班(會計學程) 101 This study uses conference calls as a proxy to investigate the relationship between voluntary disclosures and the cost of debt. In addition, this study also aims to examine the effect of magnitudes of information disclosures on reducing the cost of debt through the numbers of conference calls. Cost of debt is measured by the ratio of interest expense to interest-bearing debt and OLS model is used to examine the results. This paper obtains the sample of Taiwanese listed companies for the period of 2006-2011 from TEJ database. The findings are that companies with conference calls have lower cost of debt than those without conference calls. Furthermore, the frequency of conference calls is significantly negatively related to the cost of debt. However, there is no difference between one-time and more than once conference calls. Jia-Chi Cheng 鄭佳綺 學位論文 ; thesis 39 zh-TW
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language zh-TW
format Others
sources NDLTD
description 碩士 === 元智大學 === 商學碩士班(會計學程) === 101 === This study uses conference calls as a proxy to investigate the relationship between voluntary disclosures and the cost of debt. In addition, this study also aims to examine the effect of magnitudes of information disclosures on reducing the cost of debt through the numbers of conference calls. Cost of debt is measured by the ratio of interest expense to interest-bearing debt and OLS model is used to examine the results. This paper obtains the sample of Taiwanese listed companies for the period of 2006-2011 from TEJ database. The findings are that companies with conference calls have lower cost of debt than those without conference calls. Furthermore, the frequency of conference calls is significantly negatively related to the cost of debt. However, there is no difference between one-time and more than once conference calls.
author2 Jia-Chi Cheng
author_facet Jia-Chi Cheng
Ching-Chun Yang
楊景惇
author Ching-Chun Yang
楊景惇
spellingShingle Ching-Chun Yang
楊景惇
Conference Calls and the Cost of Debt
author_sort Ching-Chun Yang
title Conference Calls and the Cost of Debt
title_short Conference Calls and the Cost of Debt
title_full Conference Calls and the Cost of Debt
title_fullStr Conference Calls and the Cost of Debt
title_full_unstemmed Conference Calls and the Cost of Debt
title_sort conference calls and the cost of debt
url http://ndltd.ncl.edu.tw/handle/56560465125646091081
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