All Outputs (2)

Trust and the Cost of Debt Financing (2018)
Journal Article
Meng, Y., & Yin, C. (2019). Trust and the Cost of Debt Financing. Journal of International Financial Markets, Institutions and Money, 59, 58-73. https://doi.org/10.1016/j.intfin.2018.11.009

This paper examines the relation between the level of trust in a country and the cost of debt. Using data on firms located in 22 countries over a 20-year period, we quantify the country trust level and find strong evidence that firms in countries wit... Read More about Trust and the Cost of Debt Financing.

Motivated monitoring: The importance of the institutional investment horizon (2018)
Journal Article
Yin, C., Ward, C., & Tsolacos, S. (2018). Motivated monitoring: The importance of the institutional investment horizon. International Review of Financial Analysis, 60, 197-212. https://doi.org/10.1016/j.irfa.2018.08.011

This paper investigates whether institutional investors that hold shares in a firm for a relatively long time affect firm performance. We measure performance by Return on Assets (ROA), Tobin's Q and Earnings Yield and find that long-term ownership ha... Read More about Motivated monitoring: The importance of the institutional investment horizon.