maturity debt to short maturity debt, to avoid frequent monitoring by lenders, which creates conflict between controlling and … minority shareholders over the maturity structure of debt. In this paper, we examine whether the presence of multiple large … firms during the period 1998-2013, we find strong evidence that firms with MLS exhibit shorter debt maturity. This result …

Perhaps, the most familiar idea underlying debt maturity choice is the maturity-matching hypothesis wherein liabilities …' maturities correlate with assets' maturities. However, the maturity-matching hypothesis does not provide a comprehensive … explanation for many empirical patterns of firm behavior. This study investigates the determinants of debt maturity choice using a …

This study re-examines the impact of asset maturity on debt maturity choices. The pertinent literature suffers from the … fact that asset maturity typically is hard to observe. In this paper we exploit the fact that for energy utilities asset … maturity can directly be measured. Using a sample of 193 energy utility companies in the period 2002 to 2009 we first show that …

. However, using a simple two-period model with zero coupon debt and default possible only at maturity, ADHP prove two startling … contentions using an alternative model of debt, with rollover at a proportional rate m and average maturity = 1/m, introduced in … Leland (1994a). We show that when the average maturity of debt is substantially longer than 5 years, considerable further …

We propose a simple idea that corporate debt maturity should serve as a good indicator of future firm performance … debt maturity. If “observable” corporate debt maturity and ex ante “unobservable” corporate risk-taking is highly … correlated, corporate debt maturity should be highly correlated with “ex post” realized firm performance volatility in following …

, debt maturity and liquidity risk on leverage, making use of a large panel of Chinese listed firms. We use the system … liquidity risk and the debt maturity choice …

can use leverage maturity structure as a tool to control insolvency risk. However, according to the information asymmetry … focuses on the relationship between board vigilance and insolvency risk, mediated by debt maturity and moderated by fixed … corrected standard errors (PCSE) regression estimators. The results indicate that debt maturity mediates the relationship …

We show that the debt maturity structure of non-financial corporates in Asia Pacific has been generally decreasing over … the last two decades. The percentage of total outstanding debt that have a maturity of over 3 years to total outstanding … shortening debt maturity structure in the Asia Pacific …

We show that a policy rate cut lengthens corporate debt maturity. A 1 standard deviation (10 basis points, b …

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 …