This study applies the panel convergence methodology developed by Philips and Sul (2007) on the debt maturity ratios of … a set of firms in developed economies, to explore the effects of credit market integration on debt maturity choices. In … collateral value. Furthermore, as firms integrate with international credit markets, they extend their debt maturity. This …

This study proposes and empirically tests the argument that creditors are likely to extend debt with a shorter maturity … short-maturity debt compared to other firms. The empirical findings further show that firms with unsustainable tax positions … and with subsidiaries in tax-haven countries are more likely to employ short-maturity debt. Collectively, the empirical …

of the joint determination of the maturity and cost of external borrowing highlights the role played by self …

managers. So, strong corporate governance can substitute the maturity structure of debt, or vice versa, in terms of managerial … control. In this paper, we investigate the effect of internal board monitoring on firms' debt maturity structure. We … exogenously identify internal monitoring via board independence and estimate its real impact on maturity using Sarbanes – Oxley …

-term debt. First, we present a model where the debt maturity structure is the outcome of a risk sharing problem between the …

We model the debt maturity choice of firms in the presence of fixed issuance costs in the primary market and search …, which reduces the required issuance yield. Long maturities reduce reissuance costs. The optimally chosen maturity trades off … both considerations. Equilibrium exhibits inefficiently short maturity choices: An individual firm does not internalize …

maturity. We find evidence of a positive relationship between conservatism and debt maturity. We also observe a positive … maturity and conservatism and growth financed by long-term debt are mostly observed for firms with fewer anti … maturity horizons …