Impact of CEO duality and business education on the cost of debt
by Amarjit Gill; Harvinder S. Mand; John D. Obradovich; Suman Dadhwal
International Journal of Corporate Governance (IJCG), Vol. 13, No. 3, 2023

Abstract: The purpose of this study is to investigate the impact of CEO duality (CD) and business education (BUS_EDU) of small family business owners on the cost of debt (INT). This study used a survey design to collect data from the owners of unlisted small family business firms in India. The empirical analysis shows that CD and B_EDU decrease the cost of debt. In addition, gender plays a moderating role in the association between BUS_EDU and INT. Further, CD and B_EDU increase the chances of decreasing the cost of debt by 0.70% and 0.50%, respectively. The empirical results contribute to the literature on the impact of CD and B_EDU on the cost of debt. The empirical analysis may be helpful to academia to extend the studies on the impact of CD and B_EDU on the cost of debt.

Online publication date: Thu, 04-May-2023

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