We study the phenomenon of firms’ using short-term debt to fund long-term investments (SDLI). Using a sample of firms from 45 countries in the 1990–2015 period, we develop three novel proxies for firms’ SDLI. The reasonableness of our SDLI proxies has been confirmed by a survey and several...

The synthesis of long-chain esters in reactive extraction process using bifunctional deep eutectic solvent (DES) demands a wide solvent selection range and optimal solvent choice. In this work, first, novel halogen-free DESs based on triazole and p-toluenesulfonic acid (PTSA) or benzenesulfonic...

We propose novel proxies to identify firms that use short-term debt to fund long-term investment (SDLI). Using an international sample across 46 countries over the 1990-2015 period, we show that our SDLI proxies are negatively related to debt maturity, and positively related to the sensitivity...