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Do ownership structure and quality of financial information affect the cost of debt of Tunisian listing firms?

Author

Listed:
  • Aida Sy

    (SUNY - State University of New York)

  • Lamia Jamel

    (Université de Sousse)

  • Abdelkader Derbali

    () (Institut Supérieur de Gestion Sousse)

Abstract

The main objective of this paper is to investigate empirically the relationship between the boards with other internal governance mechanisms such as ownership structure, quality of financial information and the cost of debt. To do so, we use a sample of 28 Tunisian listing firms during the period from 2007-2015. The empirical results show that the ownership structure and the quality of financial information have an important role in determining the characteristics of the cost of debt. The results also indicate that the cost of debt is related positively with factors from the boards of directors, to the size of the listing firms and negatively to the institutional participation on the capital of firm.

Suggested Citation

  • Aida Sy & Lamia Jamel & Abdelkader Derbali, 2017. "Do ownership structure and quality of financial information affect the cost of debt of Tunisian listing firms?," Post-Print hal-01695999, HAL.
  • Handle: RePEc:hal:journl:hal-01695999
    Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-01695999
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    References listed on IDEAS

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    Keywords

    cost of debt; Corporate governance; Board of Directors; ownership structure;

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