CARISSA TAMARA TJANDRAATMADJA, 041511333015 (2019) CEO BUSYNESS AND ITS INTERACTION TOWARDS COST OF DEBT: MODERATION BY CEO TENURE AND BOARD INDEPENDENCY. Skripsi thesis, UNIVERSITAS AIRLANGGA.

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Abstract

This paper aims to examine the relationship between CEO (Chief Executive Officer) busyness and cost of debt. This research is conducted using 1,453 samples of firms listed in Indonesia Stock Exchange from all industries except financial in the 2010-2017 period. We employ the method of Ordinary Least Square (OLS) Regression. This research founds that CEO busyness and cost of debt has a negative significant relationship. It shows that busy CEOs are to some extent beneficial towards the company. Additionally, this study also finds that when moderated with CEO tenure and board independency, the relationship between CEO busyness and cost of debt weakens, leading to higher cost of debt due to the fact that tenure effect fades overtime and too independent boards of directors are detrimental to the firm. This study helps to give implication to the firm as a consideration when choosing or hiring CEOs.

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