development (the recent expansion of domestic equity and debt capital markets). Accordingly, the paper provides the first insights … recent years of equity and (to a lesser extent) corporate debt capital markets, the capital structure of Vietnamese … enterprises continue to have preferential access to finance and that high growth firms still rely principally on external debt …

issuer firms expand their total assets and fixed assets, and also raise their leverage …

their leverage …

-post performance, we find that issuer firms expand their total assets and fixed assets, and also raise their leverage. …

The literature on market timing of long-term debt issuance yields mixed evidence that managers can successfully time … their debt-maturity issuance. The early results that are indicative of debt-maturity timing are not robust to accounting for … structural breaks or to other measures of debt maturity from firm-level data that account for call and put provisions in debt …