Policy Risk, Corporate Political Strategies, and the Cost of Debt

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The effect of political uncertainty on the cost of corporate debt (2015, background): “Bradley et al (2014) examine the cost of debt in the context of firm’s political strategy and contribution.”
Economic policy uncertainty and banks’ loan pricing (2019, background): “Focusing on financial consequences, a parallel literature finds that higher policy uncertainty leads to both the higher spreads on corporate bonds (Waisman et al. 2015; Bradley et al. 2016) and the”
Climate Regulatory Risks and Corporate Bonds (2020, unknown): “The result is also consistent with previous literature that shows that ﬁrms’ cost of debt increases with political uncertainty risk and increased liability risk (Bradley et al., 2016; Gormley and Matsa, 2011).”