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Extra-Financial Disclosure And The Cost Of Debt Of Big French Companies

Author

Listed:
  • Ahlem NAJAH

    () (University of Gabes, Gabes, Tunisia)

  • Anis JARBOUI

    () (University of Sfax, Sfax, Tunisia)

Abstract

The literature shows that there is a lack of studies concerning the relationship between corporate social responsibility and cost of debt in the French context. To participate in filling this gap, we present this work seeking to investigate the relationship between non-financial disclosure and the cost of debt of 202 big French companies from 2000 to 2010. Results of the empirical study show that there is no explicit relation between the social reporting and the cost of debt but when adding size and age as control variables, this relation tends to be negative.

Suggested Citation

  • Ahlem NAJAH & Anis JARBOUI, 2013. "Extra-Financial Disclosure And The Cost Of Debt Of Big French Companies," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 3(4), pages 57-69, December.
  • Handle: RePEc:rom:bemann:v:3:y:2013:i:4:p:57-69
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    File URL: http://beman.ase.ro/no34/5.pdf
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    References listed on IDEAS

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    Cited by:

    1. Enrica Sepe & Margherita Smarra & Marco Sorrentino, 2015. "Does Ethic Rating Decrease Firms’ Cost of Capital? Empirical Insights from the Italian Setting," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 5(4), pages 54-68, October.

    More about this item

    Keywords

    Corporate social responsibility; Extra-financial divulgation; Cost of debt;

    JEL classification:

    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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