Producción CyT

2015 Meeting of World Finance Conference - Corporate Governance, Gender and Cost of Debt in Argentinean SMEs

Congreso

Autoría:

Diego Santolíquido ; BRIOZZO, ANAHI EUGENIA ; Diana Albanese

Fecha:

2015

Editorial y Lugar de Edición:

CEMA

Resumen *

The aim of this paper is twofold. In first place, we study the characteristics of the corporate governance (CG) of small and medium enterprises (SMEs) that are issuers of corporate bonds in Argentinean Securitites Exchange markets. Second, we analyze the relation between GC characteristics, gender, and the cost of debt issues. We find that internal CG mechanisms, such as ownership concentration, outside board members, and a female auditor significantly affect the cost of debt. Morever, economics groups, which are an informal institution related to CG, also have a relevant effect. Información suministrada por el agente en SIGEVA

Palabras Clave

GENDERSMESCORPORATE GOVERNANCECORPORATE BONDS