The effect of corporate governance on the cost of bank loans

Baqais, Danah

dc.contributor.advisor	Dodds, J. C. (James Colin)
dc.coverage.spatial	North America
dc.creator	Baqais, Danah
dc.date.accessioned	2013-10-04T18:18:00Z
dc.date.available	2013-10-04T18:18:00Z
dc.date.issued	2013
dc.identifier.uri	http://library2.smu.ca/xmlui/handle/01/25271
dc.description	1 online resource ( 31 p.)
dc.description	Includes abstract.
dc.description	Includes bibliographical references (p. 28-30)
dc.description.abstract	In this paper we try to investigate the effect of corporate governance on the cost of external debt financing. Using a sample of North American companies from 1990 to 2006, we find that high corporate governance levels raises a company’s credit rating by the agencies leading to an increase in external financing capacity by lowering the cost debt. We also put a spotlight on specified corporate governance areas and their effect on the cost of bank loans. Our results suggest that banks take into account the risk of poor corporate governance when pricing and designing debt contracts.	en_CA
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dc.language.iso	en	en_CA
dc.publisher	Halifax, N.S. : Saint Mary's University
dc.title	The effect of corporate governance on the cost of bank loans	en_CA
dc.type	Text	en_CA
thesis.degree.name	Master of Finance
thesis.degree.level	Masters
thesis.degree.discipline	Finance, Information Systems, & Management Science
thesis.degree.grantor	Saint Mary's University (Halifax, N.S.)