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The Impact of the Ownership Structure and the Quality of Financial Information on the Cost of Debt of Tunisian Firms

机译:所有权结构和财务信息质量对突尼斯公司债务成本的影响

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The objective of this paper is to highlight the interaction of the board with other internal governance mechanisms such as ownership structure, the quality of financial reporting and the cost of debt. The relationship between the ownership structure and the quality of financial information on the one hand and the other debt cost was well treated in the financial literature. Tests conducted on a sample of 28 Tunisian firms show that the ownership structure and the quality of financial information plays an important role in determining the characteristics of the cost of debt. The results also indicate that the cost of debt is related to factors from the board, the size of the company and the stock exchange listing.
机译:本文的目的是强调董事会与其他内部治理机制的互动,例如所有权结构,财务报告的质量和债务成本。财务文献中很好地处理了所有权结构,财务信息质量与另一债务成本之间的关系。对28家突尼斯公司的样本进行的测试表明,所有权结构和财务信息的质量在确定债务成本特征方面起着重要作用。结果还表明,债务成本与董事会,公司规模和证券交易所上市等因素有关。

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