Abstract
This paper takes corporate bonds issued by Chinese A-share listed companies from 2011 to 2021 as a sample to study the relationship and the mechanism of the relationship between stock price crash risk and debt financing cost. It is found that an increase in the risk of stock price crash will significantly increase the credit spread and issue size of corporate bond issuance; an increase in the risk of stock price crash does not have a significant effect on the expected probability of default and Z-value.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Published version (
Free)
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
