University of Twente Student Theses

Login
As of Friday, 8 August 2025, the current Student Theses repository is no longer available for thesis uploads. A new Student Theses repository will be available starting Friday, 15 August 2025.

How do board characteristics influence bond ratings?

Herms, Julian (2020) How do board characteristics influence bond ratings?

[img] PDF
423kB
Abstract:This paper investigates how board characteristics have an influence on corporate bond ratings. Two theories, the agency- and the resource dependency theory, are used to explain the behavior of board characteristics on bond ratings. The empirical research provides significant evidence that larger boards lead to a higher bond rating at issuance date. Furthermore, the size of the audit committee has a positive impact on bond ratings. Contradicting to previous research in the field of corporate governance, board independence fails to have a meaningful influence on bond ratings neither equity ownership of board members.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
Link to this item:https://purl.utwente.nl/essays/83001
Export this item as:BibTeX
EndNote
HTML Citation
Reference Manager

 

Repository Staff Only: item control page