This paper examines the determinants of debt maturity structure in listed small and medium enterprises in Vietnam from … theories for determining the factors affecting corporate debt maturity structure. Based on those theories and previous research … studies, combined with the two-step generalized method of moments regression model, the impact of lagged debt maturity …

I develop a dynamic model of financing decisions and optimal debt maturity choice in which creditors face adverse …-leverage firms eventually decide to issue debt. Because shorter maturity debt is less sensitive to information, younger firms issue … shorter maturity debt to alleviate adverse selection while mature firms issue longer maturity debt, leading to a life …

We show that firms’ debt maturity structure plays an important role in investment above and beyond that of leverage …. Firms with a longer debt maturity structure tend to invest more. These results are stronger for firms with high leverage …, profitability, and growth potential. We rationalize our results in a model in which debt maturity structure is determined by the …