| Summary: | 碩士 === 逢甲大學 === 會計學系 === 105 === The purpose of this study is to investigate the impact of family business and political connection on the cost of debt from 2008 to 2014 in Taiwan listed company. Using Taiwan Stock Exchange date. The result shows that family business have lower cost of debt, showing that the family business because of investment behavior is more conservative, lower operating risk, creditors face a lower default risk, therefore, family business will have lower cost of debt. Additionally, I further test the impact of political connection on cost of debt in family business and find that family business have directors who act as elected representative can effectively reduce the cost of debt, because of the elected representative have the authority to formulate, amend the decree and examine the budget of the government, the members of the board of directors who act as elected representative are more influential and the creditors will give lower cost of debt.
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