This paper investigates whether and how economic policy uncertainty affects corporate debt maturity. Using a large firm … a shortened debt maturity. Moreover, the impacts are stronger for innovation-intensive firms. We use firms’ flexibility … in changing debt maturity and the deviation to leverage target to gauge the causal relationship, and identify the reduced …

This paper investigates whether and how economic policy uncertainty affects corporate debt maturity. Using a cross … uncertainty is significantly associated with a shortened debt maturity. Specifically, a 1% increase in economic policy uncertainty … is associated with a 0.22% decrease in the long-term debt-to-assets ratio and a 0.08% decrease in debt maturity. Moreover …

This paper investigates the determinants of liability maturity choice in transition markets. We formulate a model of …, signaling, maturity matching, and agency costs for the liability term structure of firms operating in a transition economy. In … addition, we find that companies do not react uniformly to determinants of debt maturity. Firms that mainly rely on external …

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

or expected growth rate of the firm's earnings. Debt maturity varies non-monotonically in a U-shaped manner with the … project's drift and with its volatility. The predicted variations of leverage and debt maturity with the actual drift of … leverage and debt maturity with project characteristics potentially reconcile empirical findings that are not consistent with …

We examine the determinants of debt maturity in the Australian capital market with the Top 400 firms listed on the … Australian Securities Exchange for the period 1989 to 2006. We find that Australian firms not only exhibit a positive leverage-maturity … and maturity can lead to erroneous conclusions about the support for the matching principle, the agency costs hypothesis …

This paper analyzes private debt maturity choices in a dynamic macroeconomic model in which financial frictions give … rise to systemic risk in the form of amplification effects, and shows that decentralized maturity decisions may result in a … balance sheet, but they come at an extra cost. The debt maturity structure therefore maps into an allocation of aggregate risk …

I provide novel evidence that institutional investors, by influencing the maturity structure of corporate debt, play an …

on corporate debt maturity decisions on a sample of 359 non-financial firms from five South American countries over a 12 … year period. We find that there is a substantial dynamic component in the determination of a firm's debt maturity, and … development does not influence debt maturity, whereas the institutional quality of a country has a significant positive effect on …

This paper investigates the effect of investment opportunities, audit quality and debt maturity on the interest paid by …