Advanced search
Publication Cover
European Accounting Review Volume 26, 2017 - Issue 1
Submit an article Journal homepage
2,936
Views
42
CrossRef citations to date
0
Altmetric
Original Articles

Corporate Opacity and Cost of Debt for Family Firms

Liangbo MaSchool of Accounting, Economics, and Finance, University of Wollongong, Wollongong, NSW, Australia
,
Shiguang MaSchool of Accounting, Economics, and Finance, University of Wollongong, Wollongong, NSW, AustraliaCorrespondence[email protected]
&
Gary TianDepartment of Finance, Deakin University, Melbourne, VIC, Australia
Pages 27-59 | Received 23 Oct 2014, Accepted 06 Aug 2015, Published online: 05 Oct 2015

Citations (42)

Keep up to date with the latest research on this topic with citation updates for this article.

Subscribe to citation updates

Read on this site (2)

Sabeeh Ullah, Sumaira Khan, Shahzad Hussain, Mehtab Alam & Muhammad Haroon. (2021) Political Connections, Family Ownership, and Firm Performance: An Emerging Economy. International Journal of the Economics of Business 28:3, pages 471-487.
Read now
Jialong Li, Zhenyu Wu & Lei Zhang. (2021) Family involvement, external auditing, and the cost of debt: Evidence from U.S. small firms. Journal of Small Business Management 59:4, pages 675-699.
Read now

Articles from other publishers (40)

Jiawei Cao, Dayong Dong & Sishi Yue. (2024) Institutional investors’ site visits and firms’ financial distress. Research in International Business and Finance 67, pages 102150.
Crossref
Lunan Jiang, Yinghui Chen & Lin Zhang. (2023) Monetary policy surprises and corporate investment growth in China. Economic Modelling, pages 106615.
Crossref
Muhammad Shahin Miah, Mohammad Ariful Islam & Md. Khaled Bin Amir. (2023) Do financing institutions consider operating performance in estimating cost of debt?. Future Business Journal 9:1.
Crossref
Nan Huang, Rong He, Le Luo & Hongtao Shen. (2023) Carbon emission trading scheme and firm debt financing. Journal of Contemporary Accounting & Economics, pages 100384.
Crossref
Lan Thi Mai Nguyen, Trang Khanh Tran & Cameron Truong. (2023) Family ownership and speed of adjustment towards targeted capital structures: A study of ASEAN firms . Accounting & Finance.
Crossref
Niklas Bergmann. (2023) Heterogeneity in family firm finance, accounting and tax policies: dimensions, effects and implications for future research. Journal of Business Economics.
Crossref
Sofia Brunelli, Salvatore Sciascia & Massimo Baù. (2023) Nonfinancial reporting in family firms: A systematic review and agenda for future research. Business Strategy and the Environment.
Crossref
Chloe Yu‐Hsuan Wu, Hwa‐Hsien Hsu & Che‐Hung Lin. (2023) Do family ownership and control influence the consequences of IFRS adoption?. Corporate Governance: An International Review.
Crossref
Heyvon Herdhayinta, James Lau & Carl Hsin-han Shen. (2023) Cash holdings of minority family businesses in Indonesia. Emerging Markets Review 55, pages 100968.
Crossref
Md Jahidur Rahman, Hongtao Zhu & Xinyi Jiang. (2023) Family firms, client importance, and auditor reporting behavior: evidence from China. Meditari Accountancy Research.
Crossref
Yi Zheng & Da Wu. (2023) The impact of opacity on bank valuation during the global financial crisis: A channel analysis. International Review of Financial Analysis 87, pages 102580.
Crossref
Muhammad Jahangir Ali, Seema Miglani, Man Dang, Premkanth Puwanenthiren & Mazur Mieszko. (2021) Do family firms pay less for external funding?. Australian Journal of Management 47:2, pages 225-250.
Crossref
Christophe J. Godlewski & Nhung Hong Le. (2022) Family firms and the cost of borrowing: empirical evidence from East Asia. Research in International Business and Finance 60, pages 101570.
Crossref
Umair Saeed Bhutta, Aws AlHares, Yasir Shahab & Adeel Tariq. (2021) The jinx of real earnings management: evidence from inefficient investments and debt maturity structure in Pakistan. Journal of Accounting in Emerging Economies 12:2, pages 405-432.
Crossref
Bin Li, Yilan Liang, Yasir Shahab, Ammar Ali Gull & Naeem Ashraf. (2022) Parent-subsidiary dispersion, cost of debt and debt default: Evidence from China. Economic Modelling 107, pages 105715.
Crossref
Sofia Vrouva, Christos Tzovas, Constantinos G. Chalevas & Nicos Sykianakis. (2022) Cost of Debt and Corporate Opacity. International Journal of Corporate Finance and Accounting 9:1, pages 1-16.
Crossref
Ali Amin, Ramiz ur Rehman, Rizwan Ali & Ridzwana Mohd Said. (2022) Corporate Governance and Capital Structure: Moderating Effect of Gender Diversity. SAGE Open 12:1, pages 215824402210821.
Crossref
K.F.A. Ibrahim & Ademu Sylvester Onyekachi. (2021) EFFECT OF CORPORATE SOCIAL RESPONSIBILITY ON INVESTMENT EFFICIENCY OF QUOTED OIL AND GAS FIRMS IN NIGERIA. International Journal of Research -GRANTHAALAYAH 9:11.
Crossref
Muhammad Ansar Majeed & Chao Yan. (2021) Financial statement comparability, state ownership, and the cost of debt: Evidence from China. Research in International Business and Finance 58, pages 101497.
Crossref
Siwen Song, Aelee Jun & Shiguang Ma. (2021) Corruption exposure, political disconnection, and their impact on Chinese family firms. Journal of Contemporary Accounting & Economics 17:3, pages 100266.
Crossref
Heyvon Herdhayinta, James Lau & Carl Hsin‐han Shen. (2021) Family Female Directors versus Non‐family Female Directors: Effects on Firm Value and Dividend Payouts in an Extreme Institutional Environment. British Journal of Management 32:4, pages 969-987.
Crossref
Darush Yazdanfar & Peter Öhman. (2020) The 2008–2009 global financial crisis and the cost of debt capital among SMEs: Swedish evidence. Journal of Economic Studies 48:6, pages 1097-1110.
Crossref
Cheng-Hsun Lee & Sudipta Bose. (2021) Do family firms engage in less tax avoidance than non-family firms? The corporate opacity perspective. Journal of Contemporary Accounting & Economics 17:2, pages 100263.
Crossref
Nour Elhouda Jedda, Faten Lakhal & Riadh Ghenima. (2021) Family Control and Investment Efficiency: Does Financial Analyst Coverage Matter?. Management international 25:3, pages 91-114.
Crossref
Jiaqi Guo, Changhong Li, Wenting Jiao & Zhan Wang. (2021) Marketisation, information transparency and the cost of equity for family firms. Finance Research Letters 38, pages 101394.
Crossref
Syed Farhan Shah, Abdul Rashid & Wasim Shahid Malik. (2020) Potential Substitution Between Accrual Earnings Management and Real Earnings Management Among Pakistani Listed Firms. Global Business Review, pages 097215092095761.
Crossref
Tanapond Swanpitak, Xiaofei Pan & Sandy Suardi. (2020) Family control and cost of debt: Evidence from Thailand. Pacific-Basin Finance Journal 62, pages 101376.
Crossref
Qazi Awais Amin & Jia Liu. (2020) Shareholders' control rights, family ownership and the firm's leverage decisions. International Review of Financial Analysis, pages 101591.
Crossref
Petya Platikanova & Kazbi Soonawalla. (2019) Who monitors opaque borrowers? Debt specialisation, institutional ownership, and information opacity. Accounting & Finance 60:2, pages 1867-1904.
Crossref
Liangbo Ma & Shiguang Ma. (2019) Trade credit use and bank loan access: an agency theory perspective. Accounting & Finance 60:2, pages 1835-1865.
Crossref
Min Bai, Limin Xu, Chia-Feng (Jeffrey) Yu & Ralf Zurbruegg. (2020) Superstition and stock price crash risk. Pacific-Basin Finance Journal 60, pages 101287.
Crossref
Hao Gao, Jing He, Yong Li & Yuanyu Qu. (2020) Family control and cost of debt: Evidence from China. Pacific-Basin Finance Journal 60, pages 101286.
Crossref
Min Bai, Renxiang Wang, Chia-Feng (Jeffrey) Yu & Jianming Zheng. (2019) Limits on executive pay and stock price crash risk: Evidence from a quasi-natural experiment. Pacific-Basin Finance Journal 55, pages 206-221.
Crossref
Faisal Shahzad, Ijaz Ur Rehman, Sisira Colombage & Faisal Nawaz. (2019) Financial reporting quality, family ownership, and investment efficiency. Managerial Finance 45:4, pages 513-535.
Crossref
Pietro Gottardo & Anna Maria MoiselloPietro Gottardo & Anna Maria Moisello. 2019. Capital Structure, Earnings Management, and Risk of Financial Distress. Capital Structure, Earnings Management, and Risk of Financial Distress 93 99 .
Pietro Gottardo & Anna Maria MoiselloPietro Gottardo & Anna Maria Moisello. 2019. Capital Structure, Earnings Management, and Risk of Financial Distress. Capital Structure, Earnings Management, and Risk of Financial Distress 13 40 .
Faisal Shahzad, Ijaz Ur Rehman, Faisal Nawaz & Noman Nawab. (2018) Does family control explain why corporate social responsibility affects investment efficiency?. Corporate Social Responsibility and Environmental Management 25:5, pages 880-888.
Crossref
Joaquim JS Ramalho, Rui MS Rita & Jacinto Vidigal da Silva. (2018) The impact of family ownership on capital structure of firms: Exploring the role of zero-leverage, size, location and the global financial crisis. International Small Business Journal: Researching Entrepreneurship 36:5, pages 574-604.
Crossref
Carlo Drago, Gianluca Ginesti, Claudia Pongelli & Salvatore Sciascia. (2018) Reporting strategies: What makes family firms beat around the bush? Family-related antecedents of annual report readability. Journal of Family Business Strategy 9:2, pages 142-150.
Crossref
Liangbo Ma, Shiguang Ma & Gary Tian. (2016) Family control, accounting misstatements, and market reactions to restatements: Evidence from China. Emerging Markets Review 28, pages 1-27.
Crossref

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.