KM Theory Applied in Accounting and Statistics Education: Case on the Cost of Debt

Abstract

This study examines the impact of audit opinions on the cost of debt based on accounting education and knowledge management theory. The empirical results of whole sample regression show that audit opinions are negatively correlated with the cost of debt and financial marketization weakens the effect of audit opinions on debt pricing. The subsample regression results of audit opinions indicate that financial marketization is negatively correlated with the cost of debt only in companies with modified audit opinions. This implies that audit opinions play a more important role in debt pricing compared to the financial marketization of companies' localities.

Volume 13 Issue 9 Complete Issue

“…process of providing the right knowledge at the right time to members who need it to help them take the right action and consequently improve the organizational performance (Wang, 2013;Li et al, 2017).…”

Audit Knowledge and Accounting Conservatism: A Case of Executives’ Vocational Learning and Application

“…process of providing the right knowledge at the right time to members who need it to help them take the right action and consequently improve the organizational performance (Wang, 2013;Wu et al, 2016;Li et al, 2017).…”