Shah, Attaullah; Khan, Shahid Ali - In: The Pakistan Development Review 48 (2009) 4, pp. 565-578
We examine the empirical determinants of debt-maturity structure of 266 firms listed on the KSE over the period 2000 to 2004 using several variants of dynamic panel data models. We find mixed support for the agency cost hypothesis as our results show that debtmaturity increases with the size of...