We investigate corporate debt maturity structure in the MENA region and its firm and institutional determinants using a sample of 444 listed firms over the 2003-2011 period, or 3,717 firm-year observations. We find a very limited use of long-term debt by MENA firms; long-term debt represents...

This paper provides novel evidence on firm- and country-level determinants of firm capital structure decisions in the MENA region. Using a sample of 444 listed firms from ten countries, over the 2003-2011 period, we find that MENA firms have target leverage ratios toward which they adjust over...