Results 261 to 270 of about 8,894,885 (304)

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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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 and Corporate Investment

2023
We show that firms’ debt maturity structure has an important impact on investment above and beyond that of leverage. Firms with a longer debt maturity structure tend to invest more. This result is stronger for firms with higher profitability and growth potential.
Claire Yurong Hong, Kewei Hou, Thien Nguyen   +2 more
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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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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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On the irrelevance of the maturity structure of government debt without commitment

Games and Economic Behavior, 2001
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Corporate Pensions and the Maturity Structure of Debt

SSRN Electronic Journal, 2016
In this paper, 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. We also find that more pension obligations cause a significant
Yijia Lin, Sheen Liu, Jifeng Yu
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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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Managing the maturity structure of government debt

Journal of Monetary Economics, 2007
Abstract It is known that a government can implement the optimal complete-market Ramsey allocations by issuing non-contingent bonds of different maturities. The implied optimal maturity structure is time- and state-invariant—i.e. it is not actively managed.
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