We study the endogenous determination of corporate debt maturity in a setting with default risk. We assume that firms … must access the bond market and they issue debt with a flexible structure (coupon, face value, and maturity). Initially … model optimal maturity balances these two risks. We show that firms with poor prospects and firms in more unstable …

In this paper, we show that when banks increase their use of wholesale funding they shorten the maturity of loans to …-term uninsured funding. Banks that use more wholesale funding shorten both the maturity of newly issued loans and the maturity of … between wholesale funding and loan maturity is robust, and holds when we include firm-year fixed effects, suggesting that the …

can use leverage maturity structure as a tool to control insolvency risk. However, according to the information asymmetry … focuses on the relationship between board vigilance and insolvency risk, mediated by debt maturity and moderated by fixed …Studies indicate that a consistent rise in insolvency risk should be addressed at the strategic level. Vigilant boards …