reason. -- Liquidity ; Asymmetric Information ; Debt maturity …

shorter maturity projects, inducing them to change their investments as well. In equilibrium, investment is inefficiently …

worsens financing terms for firms with shorter maturity projects, inducing them to change their investments as well. In …

In the conventional literature related to investment decisions, less attention has been paid to the length of maturity … cost at the end of the borrowing period. In this study, the effects of selecting different maturity years on firms … suggest that (1) ceteris paribus an optimum maturity year appears to exist that maximises the NVP, and (2) the change of …