Two Essays on Politics in Corporate Finance
I examine how political geography affects firms' cost of debt. Policy risk, measured by proximity to political power reflected in firms' position in the country's political map, is negatively related to corporate bond ratings and positively related to firms' cost of debt. I find...
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| Format: | Others |
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Scholar Commons
2013
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| Online Access: | http://scholarcommons.usf.edu/etd/4796 http://scholarcommons.usf.edu/cgi/viewcontent.cgi?article=5993&context=etd |