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Debt Maturity without Commitment [PDF]
Journal of Monetary Economics, 2008 I analyze how lack of commitment affects the maturity structure of sovereign debt. Governments balance benefits of default induced redistribution and costs due to income losses in the wake of a default.
Dirk Niepelt
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Debt Maturity: Is Long-Term Debt Optimal? [PDF]
Review of International Economics, 2009 We model and calibrate the arguments in favor and against short-term and long-term debt. These arguments broadly include: maturity premium, sustainability, and service smoothing.
Fabio Kanczuk, Laura Alfaro
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Monetary policy, debt maturity structure and corporate investment efficiency: Evidence from China. [PDF]
PLoS ONEThis paper examines the impact of monetary policy on corporate investment efficiency from the perspective of debt maturity structure by selecting data on Chinese non-financial listed firms and Chinese macroeconomic data from 2007-2022.
Liping Zheng +3 more
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Public Debt Maturity and Currency Crises [PDF]
Scottish Journal of Political Economy, 2008 This paper provides a theoretical and empirical examination of the e®ect of debt structure on the probability of a currency crisis and the slope of the yield curve.
Alexandros Mandilaras +2 more
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Debt maturity of different types of debt
Cogent Economics & FinanceThis paper documents the different debt maturity choices of firms by allowing debt heterogeneity. We use a sample of US companies’ capital structure and employ dynamic panel regressions and Instrumental Variable approach. When taking the maturity of each
Yuree Lim
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Digital inclusive finance penetration and household debt maturity structure: Empirical estimation based on China Family Panel Studies Data. [PDF]
PLoS ONEThis paper analyzes how the penetration of digital inclusive finance affects the maturity structure of household debt by matching data from the Peking University Digital Inclusive Finance Index and China Family Panel Studies (CFPS).
Jiayu Hou, Yingli Zhang
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On signalling and debt maturity choice [PDF]
Applied Financial Economics Letters, 2006 The theoretical literature on a firm?s choice of debt maturity argues that a borrowing firm can signal its value in asymmetric information setting by borrowing short. This well-known fact is based on Flannery (1986).
Lensink, Robert, Pham Thi Thu, Tra
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The Debt Burden and Debt Maturity [PDF]
, 1991 At low and moderate levels of government debt, there appears to be little relation between the level of debt and its maturity. But at high levels of debt, a strong inverse relation emerges.
Alessandro Missale +1 more
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Debt maturity, risk, and asymmetric information [PDF]
The Journal of Finance, 2004 We test the implications of Flannery’s (1986) and Diamond’s (1991) models concerning the effects of risk and asymmetric information in determining debt maturity, and we examine the overall importance of informational asymmetries in debt maturity choices.
Allen N. Berger +3 more
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FIRM-SPECIFIC DETERMINANTS OF DEBT MATURITY STRUCTURE OF LISTED NON-FINANCIAL FIRMS IN NIGERIA
Malaysian Management Journal, 2020 The importance of debt financing to firms as a basis for decision-making cannot be over-emphasised. This implies that the maturity structure of debts becomes important for understanding the outcomes of firms’ decisions. There is a dearth of evidence from
LAWAL MOHAMMED, ALIYAH MUSA MUBI
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