Media Coverage to Panel Data Analysis on the Impact of Listed Companies’ Debt Financing Costs

Yijun Peng

2022

Abstract

At present, small and medium-sized enterprises generally face the difficulty of financing and expensive financing. As a company’s external governance force, the media plays a role of supervision and corporate governance, which has a significant impact on the cost of debt financing. This paper takes A-share listed companies on the small and medium board in 2014-2018 as the research object, constructs a panel data model for multiple regression analysis, empirically examines the mechanism of media attention on debt financing costs, and further explores the differences in the impact of different property rights. The results show that media attention can help reduce the company’s debt financing costs, while reports of different natures have different impacts in companies with different property rights, which can provide useful references for companies to ease financing constraints, government supervision, and creditor self-protection.

Paper Citation

in Harvard Style

Peng Y. (2022). Media Coverage to Panel Data Analysis on the Impact of Listed Companies’ Debt Financing Costs. In Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM, ISBN 978-989-758-593-7, pages 111-116. DOI: 10.5220/0011163100003440

in Bibtex Style

@conference{bdedm22,
author={Yijun Peng},
title={Media Coverage to Panel Data Analysis on the Impact of Listed Companies’ Debt Financing Costs},
booktitle={Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM,},
year={2022},
pages={111-116},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011163100003440},
isbn={978-989-758-593-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM,
TI - Media Coverage to Panel Data Analysis on the Impact of Listed Companies’ Debt Financing Costs
SN - 978-989-758-593-7
AU - Peng Y.
PY - 2022
SP - 111
EP - 116
DO - 10.5220/0011163100003440