Cost of debt, corporate disclosure and audit report lag
by Fathi Jouini
EuroMed J. of Management (EMJM), Vol. 2, No. 3, 2018

Abstract: In this paper, we investigate empirically the relationship between the cost of debt and financial reporting quality for the case of French firms. To do so, we utilise a sample composed of 128 French companies listed in the SBF250 during the period from 2007 to 2011. We use voluntary disclosure and timeliness measured through audit report lag as a measure of financial reporting quality. From the empirical findings, we remark that the disclosure policy adopted by the company and timeliness affect the cost of debt. Also, we find that voluntary disclosure of French companies has a negative consequence on the cost of debt independently of audit report lag.

Online publication date: Sat, 14-Jul-2018

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the EuroMed J. of Management (EMJM):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com