Results 261 to 270 of about 149,108 (301)

Debt Maturity Structure and Firm Investment

Financial Management, 2005
This study shows that the maturity structure of a firm's debt has a significant impact on its investment decisions. We show, after controlling for the effect of the overall level of leverage, that a higher percentage of long-term debt in total debt significantly reduces investment for firms with high growth opportunities.
Varouj A. Aivazian, Ying Ge, Jiaping Qiu
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Debt Maturity Structure and Liquidity Risk

The Quarterly Journal of Economics, 1991
This paper analyzes debt maturity structure for borrowers with private information about their future credit rating. Borrowers' projects provide them with rents that they cannot assign to lenders. The optimal maturity structure trades off a preference for short maturity due to expecting their credit rating to improve, against liquidity risk.
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Capital Structure, Debt Maturity, and Stochastic Interest Rates*

The Journal of Business, 2004
This article develops a model in which optimal capital structure and debt maturity are jointly determined in a stochastic interest rate environment. The model yields leverage ratios that are consistent in spirit with empirical observations. The optimal maturity and credit spread of an optimally issued debt are found to be smaller than observed values ...
Ju, Nengjiu, Hui, Ou-Yang
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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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Inventory Management and Debt Maturity Structure

Production and Operations Management, 2017
The current literature on the coordination of operations and finance does not differentiate long‐ and short‐term debts and therefore is silent on how firms’ debt maturity structure affects their short‐run financial and operational decisions.
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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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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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Optimal Maturity Structure with Multiple Debt Claims

The Journal of Financial and Quantitative Analysis, 1994
This paper provides an explanation for why firms may choose to simultaneously issue multiple debt claims with varying maturities. The optimal mix of short- and long-term debt allows the firm to precommit to a more efficient liquidation policy. Even in risk-neutral settings, the optimal mix hinges critically on the mean and the variability of the firm's
Joel F. Houston, S. Venkataraman
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Debt maturity structure and forward-looking disclosure

2023
This paper examines how corporate debt maturity relates to forward-looking disclosures. I find that higher levels of short-maturity debt are associated with increases in forward-looking disclosures, consistent with firms fulfilling the demand for information when faced with increased uncertainty due to refinancing risks.
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