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The impact of auditor's choice on the cost of debt : international evidence
Dissertant
University
Al Akhawayn University
Faculty
The School of Business Administration
University Country
Morocco
Degree
Master
Degree Date
2009
English Abstract
This paper identifies the relationship between the auditor’s choice and the bonds ratings.
Our sample includes 823 firms from 35 countries.
The study was conducted over a period of 11 years.
An Ordered Probit regression analysis was used to identify how the auditor choice affects the probability of increasing the bonds ratings.
We find strong evidence that the auditor’s choice significantly affects the bonds ratings.
In other words, when a firm has an auditor from the big five auditing firms, the probability of having higher bonds ratings increases; this implies a low cost of debt since higher bond ratings have been proven to reduce the firm’s cost for raising funds (in the form of bonds).
The findings add more evidence to the creditors’ rights protections and how it affects the cost of debt
Main Subjects
Financial and Accounting Sciences
Topics
No. of Pages
21
Table of Contents
Table of contents.
Abstract.
[Chapter One] : Introduction.
[Chapter Two] : Motivations.
[Chapter Three] : Literature review.
[Chapter Four] : Methodology and descriptive statistics.
[Chapter Five] : Limitations.
[Chapter Six] : Conclusions.
References.
American Psychological Association (APA)
al-Mahdi, al-Almi. (2009). The impact of auditor's choice on the cost of debt : international evidence. (Master's theses Theses and Dissertations Master). Al Akhawayn University, Morocco
https://search.emarefa.net/detail/BIM-629340
Modern Language Association (MLA)
al-Mahdi, al-Almi. The impact of auditor's choice on the cost of debt : international evidence. (Master's theses Theses and Dissertations Master). Al Akhawayn University. (2009).
https://search.emarefa.net/detail/BIM-629340
American Medical Association (AMA)
al-Mahdi, al-Almi. (2009). The impact of auditor's choice on the cost of debt : international evidence. (Master's theses Theses and Dissertations Master). Al Akhawayn University, Morocco
https://search.emarefa.net/detail/BIM-629340
Language
English
Data Type
Arab Theses
Record ID
BIM-629340