Firms face the problem of choosing a debt maturity structure when financing an investment project. In addition, they have to decide which financing source to take. The aim of this article is firstly to give an explanation for the differing maturity choices by firms. As is shown below, the...

To improve the detection of the economic ”danger zones” from which severe banking crises emanate, this paper introduces classification tree ensembles to the banking crisis forecasting literature. I show that their out-of-sample performance in forecasting binary banking crisis indicators...