Does Merchant Guild Culture Reduce the Cost of Debt? Evidence from China
ABSTRACTUsing hand-collected data on merchant guild culture and a sample over 2003–2019, this study examines the effect of merchant guild culture on the cost of debt. Our findings reveal that merchant guild culture is negatively associated with the cost of debt, suggesting that merchant guild cultur...
| Published in: | China Journal of Accounting Studies |
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| Main Authors: | , , |
| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2023-04-01
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| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/21697213.2023.2167727 |