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MANAGERIAL ABILITY, COST OF DEBT AND THE MODERATING ROLE OF MANAGERIAL DISCRETION

thesis
posted on 09.05.2017 by KWOK TONG (Samuel) CHEUNG
This thesis investigates and provides empirical evidence on whether (1) more able managers are associated with lower cost of debt capital, (2) the association between more able managers and the cost of debt is affected by the degree of managerial discretion, and (3) the joint effect of managerial ability and discretion on the cost of debt is further conditioned by prior lending relationship. This thesis contributes to a better understanding of the role of managerial talent and discretion on the cost of debt capital, and also the role of prior lending relationship in such joint effect.

History

Campus location

Australia

Principal supervisor

Farshid Navissi

Year of Award

2017

Department, School or Centre

Accounting

Course

Doctor of Philosophy

Degree Type

Doctorate

Faculty

Faculty of Business and Economics

Exports

Categories

Exports