Results 211 to 220 of about 1,562 (260)

On the Relevance of Debt Maturity Structure

The Journal of Finance, 1985
ABSTRACTIn this paper, we present a tax‐induced framework to analyze debt maturity problems. We show that under some modifications of the existing U.S. tax code, debt maturity is irrelevant even in the presence of taxes and bankruptcy costs that yield an optimal capital structure.
Brick, Ivan E, Ravid, S Abraham
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The Determinants of Corporate Debt Maturity Structure

The Journal of Business, 1996
The authors examine the empirical determinants of debt maturity structure using a maturity structure measure that incorporates detailed information about all of a firm's liabilities. They find that larger, less risky firms with longer-term asset maturities use longer-term debt.
Stohs, Mark Hoven, Mauer, David C.
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CEO Inside Debt and Firm's Maturity Structure of Debt

SSRN Electronic Journal, 2016
This study examines managerial compensation incentives and its impact on firm’s financial decisions. Specifically, we examine how CEO’s inside-debt based compensation incentives (pension benefits and other deferred compensation) influences firm’s debt maturity structure.
Safi Khan, Jason Smith, Attaullah Shah
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Supplier concentration and debt maturity structure

Business Process Management Journal
Purpose This paper takes Chinese A-share listed companies from 2007 to 2021 as research samples to investigate the influence of supplier concentration on debt maturity structure and its mechanism. It further analyzes whether the relationship between the two is different in the case of different monetary policies,
Tiesheng Zhang, Ying Wang, Xiangfei Zeng
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The Debt Maturity Structure of Small Firms

Financial Management, 2001
Smallfirms differ from large firms in taxability, ownership, flexibility, industry, economies of scale, financial market access, and level of information asymmetry. We investigate the determinants of small firms' choice of the maturity structure of debt.
Frederick C. Scherr, Heather M. Hulburt
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Industry Structure and Corporate Debt Maturity

Financial Review, 2010
AbstractWe examine how industry competition affects firms’ choice of short‐term debt. We find that the percentage of short‐term debt is positively related to industry concentration at low levels of concentration, and inversely related to industry concentration at higher levels of concentration.
Otgontsetseg Erhemjamts, Kartik Raman, Husayn K. Shahrur   +2 more
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Debt Maturity Structure and Credit Quality

Journal of Financial and Quantitative Analysis, 2010
AbstractWe examine whether a firm’s debt maturity structure affects its credit quality. Consistent with theory, we find that firms with greater exposure to rollover risk (measured by the amount of long-term debt payable within a year relative to assets) have lower credit quality; long-term bonds issued by those firms trade at higher yield spreads ...
Radhakrishnan Gopalan, Fenghua Song, Vijay Yerramilli   +2 more
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Corporate Pensions and the Maturity Structure of Debt

SSRN Electronic Journal, 2016
AbstractIn this article, we investigate the role of pension obligations, the most significant off‐balance‐sheet item, in determining corporate debt maturity and spreads. We begin by showing a significant and robust positive relationship between pension liabilities and corporate short‐term debt ratio.
Yijia Lin, Sheen Liu, Jifeng Yu
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Structure of Debt Maturity across Firm Types [PDF]

, 2015
We investigate if and when the leading theories of debt maturity are useful in understanding the maturity choices of nonfinancial firms in a major developing economy, Turkey. Unlike most research, we use a dataset that provides financial information on not only large, publicly-traded firms but also small, privately-held firms across a wide variety of ...
Cuneyt Orman, Bulent Koksal
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Debt maturity structure and cost stickiness

Journal of Corporate Accounting & Finance, 2020
AbstractThis paper investigates the association between debt maturity structure and cost stickiness. One view in the cost stickiness literature suggests that managers deliberately continue to expand resources for their own private benefit, despite a decrease in the activity level.
Ahsan Habib, Mabel D. Costa
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