maturity debt to short maturity debt, to avoid frequent monitoring by lenders, which creates conflict between controlling and … minority shareholders over the maturity structure of debt. In this paper, we examine whether the presence of multiple large … firms during the period 1998-2013, we find strong evidence that firms with MLS exhibit shorter debt maturity. This result …

This paper examines the impact of concentrated equity ownership (blockholders) on the corporate debt maturity structure … support for our hypothesis that debt maturity is a concave function of block ownership, which is likely a reflection of the … blockholders and the use of debt maturity to control for debt-equity and manager-equity conflicts …