Abstract
This paper empirically investigates the direction of the role of information quality on the financing cost of credit bonds by selecting the data of listed corporate bonds from 2016 to 2021 as the research sample. It is found that controlling other conditions constant, the lower the bond-related information quality, the higher its financing cost, indicating that the improvement of information quality can reduce the degree of information asymmetry; relative to private enterprises, the improvement of the information quality of state-owned enterprises' credit bonds has a minor positive impact on bond financing cost.
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