. I find that when a large portion of their market is threatened, incumbents significantly increase debt maturity before …

formed and how they impact leverage and debt maturity choices. In the model, lending relationships evolve through repeated … longer term debt, and raise funds from non-relationship lenders when relationship quality is sufficiently high. The maturity …

, maturity, and currency denomination at the firm and aggregate levels. Using data on worldwide debt issuance from advanced and … markets. Firms also moved toward longer-term markets, maintaining (or even increasing) their borrowing maturity. As they moved …

countries, industries, firms, and years in leverage and debt maturity, and we also identify time factors that are common drivers … lengthening debt maturity after controlling for firms' characteristics. Across firms and countries, leveraging and lengthening … debt maturity have been greater where economic growth was stronger. Tighter financial conditions are positively associated …