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Debt Maturity Structure and Accounting Conservatism
Journal of Business Finance and Accounting, 2015AbstractThis study examines the association between debt maturity structure and accounting conservatism. Short‐maturity debt can mitigate agency costs of debt arising from information asymmetry and suboptimal investment problems inherent in debt financing.
Changjiang Wang
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Debt maturity structure of Chinese companies
Pacific-Basin Finance Journal, 2008 Numerous studies have focused on the theoretical and empirical aspects of corporate capital structure since the 1960s. As a new branch of capital structure, however, debt maturity structure has not yet received as much attention as the debt-equity choice.
Guney, Yilmaz +2 more
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Accruals Quality and Debt Maturity Structure
Abacus, 2010In this paper we use panel data and GMM estimation to examine the effect of accounting quality on debt maturity structure in a bank‐based financial system and show that, even after controlling for unobservable heterogeneity, endogeneity, variables reflecting operating volatility and the cost of debt, firms with poor accounting quality face a shorter ...
Pedro J García-Teruel +1 more
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Strategic Deviation and Debt Maturity Structure
Finance Research Letters, 2022Mostafa Monzur Hasan, Sagira Provaty
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On the Relevance of Debt Maturity Structure
The Journal of Finance, 1985ABSTRACT In 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 Maturity Structure of Corporate Debt
The Journal of Finance, 1995ABSTRACT We provide an empirical examination of the determinants of corporate debt maturity. Our evidence offers strong support for the contracting‐cost hypothesis. Firms that have few growth options, are large, or are regulated have more long‐term debt in their capital structure.
Barclay, Michael J +1 more
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The Determinants of Corporate Debt Maturity Structure
The Journal of Business, 1996The 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, 2016This 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 JournalPurpose 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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Industry Structure and Corporate Debt Maturity
Financial Review, 2010AbstractWe 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 +2 more
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