volume 35, issue 9, P1379-1399 2020
DOI: 10.1108/maj-03-2019-2226
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Kanyarat (Lek) Sanoran

Abstract: Purpose This study aims to examine whether audit partner public-client specialization and busyness impact the cost of debt. Design/methodology/approach This paper uses data from companies in Thailand for the 1998–2016 period. To measure the cost of debt, this study uses the realized interest cost, measured as the total interest expense for the one year ahead divided by the average value of total debt outstanding during that year. Findings The results show a positive association between the cost of debt an…

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