Results 11 to 20 of about 628,161 (304)
Romanian Economic Journal, 2014 The study was intented to identify the determinants of the debt maturity structure of listed firms in Bombay Stock Exchange 500 index. For the analysis we have taken 321 firms during the period 2002- 2011, comprising of a panel model with fixed effects ...
Raveesh Krishnankutty +1 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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Debt maturity and the liquidity of secondary debt markets [PDF]
Journal of Financial Economics, 2013 We model the debt maturity choice of firms in the presence of fixed issuance costs in the primary market and search frictions in the secondary market for debt. In the secondary market, short maturities improve the bargaining position of sellers, which reduces the required issuance yield. Long maturities reduce reissuance costs.
Max Bruche, Anatoli Segura
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THE DETERMINANTS OF DEBT MATURITY STRUCTURES IN DEVELOPING COUNTRIES
SDÜ Vizyoner Dergisi, 2020 The study contributes to the literature by examining the firm- and country-specific determinants of the debt maturity structures in developing countries.
Rümeysa Bilgin
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ADJUSTMENT SPEED OF DEBT MATURITY: EVIDENCE FROM FINANCIAL CRISES IN EAST ASIA
Buletin Ekonomi Moneter dan Perbankan, 2021 We investigate the change in adjustment speed of debt maturity for East Asian firms between 1990 and 2017 by including two exogenous shocks: the Asian Financial Crisis 1997-1998 (AFC) and the Global Financial Crisis 2007-2009 (GFC).
Hasan Tekin, Ali Yavuz Polat
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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). This paper questions the use of debt maturity as a signalling device.
Lensink, Robert, Pham Thi Thu, Tra
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Jurnal Siasat Bisnis, 2009 This study is aimed to test the relationship between leverage and debt maturity policies, and to reveal the factors influencing on simultaneity analysis of leverage and debt maturity policies on Indonesia manufacture industry.
Sunarsih Sunarsih
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Going long, going short, issue or liquidate? Corporate debt maturity of Mexican public firms [PDF]
Journal of Economics Finance and Administrative SciencePurpose – This paper studies the determinants of the debt maturity of Mexican-listed companies by analysing the effects on the extensive (issuing or liquidating debt) and the intensive (debt maturity renegotiation) margins.
Lianet Farfán-Pérez +2 more
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Is short term debt maturity linked to real earning management?
Management, 2022 This paper explores the association between the maturity of short-term debt and real earnings management in the context of an emerging market. We use a panel dataset of listed firms in Vietnam over the period from 2009 to 2017 and employ conventional ...
Liem Nguyen Thanh +3 more
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The Research on the Impact of Institutional Environment on Debt Maturity Structure
Chemical Engineering Transactions, 2015 As an important part of the debt financing decision, the choice of debt maturity structure will not only affect investment and financing cost, corporate governance and liquidity risk, but also be directly related to the distribution of interests between ...
Y. Wu, X.J. Wang, X.N. Yang
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