This paper mainly explores corporate strategy, information transparency and debt cost based on multiple regression model. Difficult and expensive financing has been an important factor hindering the healthy development of China's real economy. Corporate strategy is a barometer of corporate development, and controlling the cost of debt is a problem that must be carefully considered when formulating and implementing corporate strategy. Taking a-share listed companies in Shanghai and Shenzhen stock exchanges from 2010 to 2017 as samples, this paper selects a company strategy deviation model with six indicators to measure the difference between A company's strategy and most of its peers, and explores the correlation between corporate strategy and debt cost. The results show that the deviation of corporate strategy has a significant positive correlation with the cost of debt, but the information transparency alleviates this relationship to some extent. The research conclusion of this paper clarifies the impact of strategies with a large difference from peers on the increase of debt cost and the mitigation effect of improving information transparency, providing data reference and reasonable Suggestions for managers to make decisions.
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