This paper extends our knowledge of corporate debt maturity structure by examining whether and to what extent … overconfident CEOs affect maturity decisions. Consistent with a demand side story, we find that firms with overconfident CEOs tend … to adopt a shorter debt maturity structure by using a higher proportion of short-term debt (due within 12 months). This …

The maturity structure of debt can have financial and real consequences. Short-term debt exposes borrowers to rollover … crises. Moreover, debt maturity can have an impact on the ability of firms to undertake long-term productive investments and … maturity and to characterize differences across countries …