Results 371 to 380 of about 661,121 (408)

Strategic deviation and debt maturity structure

Finance Research Letters, 2022
Sagira Sultana Provaty, S. Amin, M. Hasan   +2 more
semanticscholar   +1 more source

A Framework for Debt-Maturity Management

, 2019
We characterize the optimal debt-maturity management problem of a government in a small open economy. The government issues a continuum of finite-maturity bonds in the presence of liquidity frictions.
Saki Bigio, Galo Nuño, J. Passadore
semanticscholar   +1 more source

Labor lawsuits and debt maturity

Corporate Governance: The International Journal of Business in Society, 2021
PurposeThis paper aims to investigate how firms’ relationships with employees define their debt maturity. The authors empirically test the role of employee litigations in influencing firms’ choice of short-term versus long-term debt. The authors study employee relations by analyzing the importance of the workplace environment on capital structure ...
openaire   +2 more sources

Corporate Culture and Debt Maturity

SSRN Electronic Journal
AbstractThis study investigates the relationship between corporate culture and debt maturity structure. Utilizing a text‐based measure of corporate culture derived from a cutting‐edge machine learning approach, we uncover a strong positive link between corporate culture and short‐term debt usage.
Suzona Asad, Mostafa Monzur Hasan, Buhui Qiu   +2 more
openaire   +1 more source

Oil price uncertainty and corporate debt maturity structure

Finance Research Letters, 2021
M. Hasan, Suzona Asad, Jin Boon Wong
semanticscholar   +1 more source

Tax Clienteles and Debt Maturity

Journal of the American Taxation Association, 2000
We examine the proposition that the expected value of future interest tax shields affects firms' preferences for long-term vs. short-term debt. We extend prior work that has focused on incremental debt issuances (Newberry and Novack 1999; Guedes and Opler 1996) by examining the maturity structure reflected in the portfolio of firms' outstanding debt at
Elaine Harwood, Gil B. Manzon
openaire   +2 more sources

Uncertainty and international debt maturity [PDF]

Journal of International Financial Markets, Institutions and Money, 2007
Abstract This paper shows that high macroeconomic volatility, lax rule of law, and inefficient bureaucracy in foreign countries contributes to a tilt toward short-term maturity of international debt. The results are important as short-term debt has been linked to several financial crises in recent years.
openaire   +1 more source

Internal Control and Maturity of Debt

SSRN Electronic Journal, 2014
The managerial agency issue between manager and investors can be controlled by debtholders via short term debt as it provides an external control on managers via frequent renegotiation of the debt contract. Alternatively, increased board independence can mitigate the managerial agency problem by establishing a stronger and effective internal monitoring
Lemma W. Senbet, Onur Kemal Tosun
openaire   +2 more sources

Do Shareholder Protection and Creditor Rights Have Distinct Effects on the Association Between Debt Maturity and Ownership Structure?

, 2019
This study examines the effects of the firm's ownership concentration and its institutional environment on corporate debt maturity choices. As ownership concentration and debt maturity are alternative governance mechanisms, we theorize and investigate ...
H. Martins, E. Schiehll, P. R. S. Terra
semanticscholar   +1 more source

Capital structure, debt maturity, and financial crisis: empirical evidence from SMEs

Small Business Economics, 2020
A. D’Amato
semanticscholar   +1 more source