| 摘要 | 第5-6页 |
| Abstract | 第6页 |
| Chapter 1 Introduction | 第10-14页 |
| 1.1 Background of the study | 第10-14页 |
| Chapter 2 Review of Literature and Development of Hypotheses | 第14-26页 |
| 2.1 Introduction | 第14页 |
| 2.2 Related Literature | 第14-19页 |
| 2.2.1 The choice of a high-quality auditor and cost of debt | 第14-15页 |
| 2.2.2 Director's governance quality and cost of debt | 第15-16页 |
| 2.2.3 The role of a high-quality auditor | 第16-17页 |
| 2.2.4 Social network of directors | 第17-18页 |
| 2.2.5 Financing costs of companies | 第18-19页 |
| 2.3 Research gap and objective | 第19-20页 |
| 2.4 Hypothesis Development | 第20-26页 |
| 2.4.1 How does the network of directors' influence auditor quality? | 第20-21页 |
| 2.4.2 The effect of networks of directors and auditor quality on the cost of debt financing | 第21-23页 |
| 2.4.3 The effect of equity-based compensation on the relations between director network, auditorquality and cost of debt | 第23-24页 |
| 2.4.4 The effect of CEO duality on the relations between director network, auditor quality and cost ofdebt | 第24-26页 |
| Chapter 3 Research Methodology | 第26-35页 |
| 3.1 Research design | 第26页 |
| 3.2 Data and sample selection | 第26页 |
| 3.3 Measurement of the main variables | 第26-30页 |
| 3.3.1 Measurement of the cost of debt | 第26-27页 |
| 3.3.2 Measuring director network centrality of a company | 第27-28页 |
| 3.3.3 Measuring auditor quality | 第28-29页 |
| 3.3.4 Measuring Directors Equity-based compensation | 第29页 |
| 3.3.5 Measuring CEO duality | 第29-30页 |
| 3.4 Sample description | 第30页 |
| 3.5 Correlation matrix | 第30页 |
| 3.6 Multivariate analysis | 第30-35页 |
| Chapter 4 Results and Discussion | 第35-43页 |
| 4.1 Empirical analysis on H1 | 第35-37页 |
| 4.1.1 Analysis of director network and auditor quality | 第35页 |
| 4.1.2 Analysis of the effect of director network and auditor quality on cost of debt | 第35-37页 |
| 4.2 Accounting for the effects of corporate governance | 第37-38页 |
| 4.3 Empirical analysis on the effect of equity-based compensation on the relations between directornetwork, auditor quality and cost of debt | 第38-39页 |
| 4.4 Empirical analysis on the effect of CEO duality on the relations between directornetwork, auditor quality and cost of debt | 第39-41页 |
| 4.5 Addressing Endogeneity | 第41-43页 |
| Chapter 5 Conclusion | 第43-45页 |
| 5.1 Summary and Conclusion | 第43-45页 |
| References | 第45-49页 |
| Result Tables | 第49-60页 |
| Appendix | 第60-64页 |
| Acknowledgement | 第64页 |
