Results 11 to 20 of about 658,415 (404)
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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Shareholder personal risk and firm risk: An empirical analysis of share pledges and firm debt policies [PDF]
Frontiers in Psychology, 2022 The impact of personal risk caused by controlling shareholders' equity pledges on the company's debt policy is an issue worth exploring. Using Chinese A-share listed companies from 2006 to 2020, this paper studies the impact of ultimate owner equity ...
Jiahui Xia +4 more
doaj +2 more sources
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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Debt maturity and corporate R&D investment – the empirical study of US listed firms [PDF]
Banks and Bank Systems, 2018 This study investigates the relationships between debt maturity structure and corporation R&D investment. Using a large sample of US listed firms over the period of 1995 to 2015, it was found that the use of bank debt positively influences R&D ...
Hai-Chin Yu, Thi-Thanh Phan
doaj +3 more sources
Debt Maturity, Risk, and Asymmetric Information [PDF]
SSRN Electronic Journal, 2004 ABSTRACTWe 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. We employ data on over 6,000 commercial loans from 53 large U.S. banks. Our results for low‐
W. Scott Frame +4 more
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Interaction impact of cash flow volatility and fixed assets on debt maturity structure in MENA and African countries [PDF]
Cogent Business & ManagementThe empirical literature on the association of cash flow volatility and debt maturity structure is limited and inconclusive. This article investigates the impact of cash flow volatility on debt maturity structure, and the interaction effect of cash flow ...
Abdulrahman Naser +2 more
doaj +2 more sources
What Determines Debt Maturity? [PDF]
Review, 2019 What determines the maturity structure of debt? In this article, I develop a simple model to explore how the optimal maturity of debt issued by a firm (or a country) depends both on the firm?s cyclical state and other features of the economic environment in which it operates.
Rodolfo E. Manuelli
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PUBLIC DEBT MATURITY AND CURRENCY CRISES [PDF]
Scottish Journal of Political Economy, 2008 ABSTRACTThe theory underlying the effect of debt structure on the probability of a currency crisis and the slope of the yield curve was developed in Benigno and Missale (2004). In this paper, we provide the empirical evidence to support their model's predictions. In a dynamic panel data framework, we produce generalized method of moments estimates that
Levine, P, Mandilaras, A, Wang, J
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Capital market liberalization and corporate debt maturity structure: evidence from the Shanghai-Shenzhen-Hong Kong Stock connect [PDF]
China Accounting and Finance ReviewThis paper takes the Shanghai-Shenzhen-Hong Kong Stock Connect as a quasi-natural experiment and investigates the impact of capital market liberalization on the corporate debt maturity structure.
Jun Huang, Haijie Mo, Tianshu Zhang
doaj +2 more sources
Debt Maturity and the Leverage Ratcheting Effect [PDF]
SSRN Electronic Journal, 2019 Admati, Demarzo, Hellwig, et Pfleiderer (ADHP, 2018) font remarquer que les modèles statiques d’endettement optimal supposent que les entreprises n’ont aucune dette à l’origine. Dans ce cas, le levier qui maximise la valeur de l’entreprise maximise aussi la richesse des actionnaires initiaux.
Hayne E. Leland +2 more
openaire +8 more sources