Results 231 to 240 of about 1,562 (260)

Leverage and Optimal Debt Maturity Structure

SSRN Electronic Journal, 2016
The paper studies optimal debt maturity structure and focuses on two questions: whether firms of different leverages can increase firm values by exploiting short-term and long-terms bonds and/or by dispersing debt maturity dates. The calibrated model shows that it is optimal for low leverage firms to use long-term bonds exclusively but for high ...
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Debt Maturity Structure of Italian Firms

SSRN Electronic Journal, 2009
The aim of this paper is analyze the debt maturity choice of Italian firms using firm-level data. More precisely the analysis is aimed to characterize the profile of firms with different debt maturity and test the presence of a shift in the debt structure after the introduction of the euro currency.
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The Maturity Structure of Private Placements of Debt

2017
Abstract We examine the maturity structure in private placements of debt and relate it to contracting, signaling, tax, and liquidity risk considerations for firms. We find that firms with higher tax rates issue private placements of debt with longer maturities, consistent with the tax hypothesis.
Steven A. Dennis, Yilei Zhang, Song Wang
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Inflation and the Maturity Structure of Nominal Debt

SSRN Electronic Journal, 2010
Episodes of high inflation are generally accompanied by a shortening of the maturity of nominal debt contracts. This paper develops a multiperiod general equilibrium model with incomplete markets to study the relationship between inflation and the maturity structure of nominal bonds.
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Firm structure and corporate debt maturity

2012
This thesis examines whether or the extent to which diversified firms (firms with more segments) borrow shorter-term debt relative to focused firms (a single segment firm). Collectively, we hypothesize that diversified firms are more capable and willing to borrow shorter-term debt because they have imperfectly correlated cash flows, higher liquidation ...
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CEO overconfidence and debt maturity structure [PDF]

, 2011
This thesis extends the study of debt maturity structure to incorporate executive irrationality by examining how overconfident CEOs affect debt maturity decisions. As overconfident CEOs overestimate the probability of future success, we build a model showing that they mistakenly believe that short-term debt can enhance shareholder value.
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Brand capital on debt maturity structure

Journal of Contemporary Accounting & Economics, 2023
Tongxia Li, Chun Lu, James Routledge
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Oil price uncertainty and corporate debt maturity structure

Finance Research Letters, 2022
Jin Boon Wong, Mostafa Hasan
exaly  

Determinants and consequences of debt maturity structure: A systematic review of the international literature

International Review of Financial Analysis, 2022
Md Borhan Uddin Bhuiyan
exaly  

Mispricing and debt maturity structure

Finance Research Letters
Mingyu LI, Xindong ZHANG, Minru QIAO
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