on corporate debt maturity decisions on a sample of 359 non-financial firms from five South American countries over a 12 … year period. We find that there is a substantial dynamic component in the determination of a firm's debt maturity, and … development does not influence debt maturity, whereas the institutional quality of a country has a significant positive effect on …

This study applies the panel convergence methodology developed by Philips and Sul (2007) on the debt maturity ratios of … a set of firms in developed economies, to explore the effects of credit market integration on debt maturity choices. In … collateral value. Furthermore, as firms integrate with international credit markets, they extend their debt maturity. This …