Using a data source extensively researched in the equity IPO literature but not yet examined in the context of corporate debt maturity, we document the maturity of 10,617 corporate debt issues placed by U.S. corporations in public markets between January 1, 1983 and December 31, 1999. We...

Using the maturity of incremental bond issues and the weighted-average maturity of all outstanding debt, we test various theories from the corporate debt maturity literature to discover if REIT debt maturity is influenced by liquidity risk, asymmetric information, personal taxes, and agency...