Results 11 to 20 of about 696,615 (344)
IMF Working Papers, 2021 We examine ways to describe the maturity structure of public debts using few parameters. We compile a novel data set of all promised future payments for U.S.
Philip Barrett, Christopher Johns
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Trust and corporate debt maturity mismatch: Evidence from China [PDF]
Accounting & Finance, 2023 This study explores the relationship between social trust and firm debt maturity mismatch in the Chinese context. Additionally, we investigate the economic mechanisms through which social trust affects debt maturity mismatch, and the differential roles ...
Xiao Chi Wang +4 more
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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. We start the paper by documenting this inverse relation for those OECD Countries which have reached very high levels of debt.
Alessandro Missale +1 more
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Debt Maturity and the Dynamics of Leverage [PDF]
SSRN Electronic Journal, 2021 Abstract This paper shows that short debt maturities commit equityholders to leverage reductions when refinancing expiring debt in low-profitability states. However, shorter maturities lead to higher transaction costs since larger amounts of expiring debt need to be refinanced.
Thomas Dangl, Josef Zechner
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Corporate Debt Maturity Matters for Monetary Policy [PDF]
Federal Reserve Bank of San Francisco, Working Paper SeriesWe provide novel empirical evidence that firms’ investment is more responsive to monetary policy when a higher fraction of their debt matures. In a heterogeneous firm New Keynesian model with financial frictions and endogenous debt maturity, two channels
Joachim Jungherr +3 more
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Debt Maturity: Is Long‐Term Debt Optimal? [PDF]
Review of International Economics, 2009 AbstractWe 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. We use a dynamic‐equilibrium model with tax distortions and government outlays uncertainty, and model maturity as the fraction of debt that needs to be rolled over ...
Laura Alfaro, Fabio Kanczuk
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Jurnal Akuntansi Malikussaleh (JAM), 2023 Penelitian ini bertujuan untuk mengetahui pengaruh debt maturity, leverage, kebijakan dividen dan cash holding terhadap kinerja keuangan pada perusahaan sektor aneka industri yang terdaftar di Bursa Efek Indonesia tahun 2018-2021.
Hilmi Hilmi, Nadhratul Aini
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CEO Overconfidence and Corporate Debt Maturity [PDF]
SSRN Electronic Journal, 2013 This paper extends our knowledge of corporate debt maturity structure by examining whether and to what extent overconfident CEOs affect maturity decisions. Consistent with a demand side story, we find that firms with overconfident CEOs tend to adopt a shorter debt maturity structure by using a higher proportion of short-term debt (due within 12 months).
Ronghong Huang +2 more
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Optimal Debt Maturity and Firm Investment [PDF]
SSRN Electronic Journal, 2020 This paper introduces a maturity choice to the standard model of firm financing and investment. Long-term debt renders the optimal firm policy time-inconsistent. Lack of commitment gives rise to debt dilution.
J. Jungherr, Immo Schott
semanticscholar +9 more sources
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). This paper questions the use of debt maturity as a signalling device.
Lensink, Robert, Pham Thi Thu, Tra
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