This paper shows the relevance of the financial crisis on firm- and country-level determinants on debt maturity … structure for 39 countries during the period 1995-2012. Corporate debt maturity declined during the financial crisis. However …, the financial crisis had a positive effect on the corporate debt maturity of smaller firms. Cross-firm and cross …

This paper provides empirical evidence of a clientele effect between institutional holdings and debt maturity structure …. Using a new measure of debt maturity that captures the refinancing and underinvestment risks associated with the timing of … cash flows, I find that institutional equity holders prefer to invest in firms with long debt maturity, and hence low …

We provide evidence on leverage and debt maturity targeting in a large international setting. There are key differences …

formed and how they impact leverage and debt maturity choices. In the model, lending relationships evolve through repeated … longer term debt, and raise funds from non-relationship lenders when relationship quality is sufficiently high. The maturity …

corruption on firms’ debt maturity structure while exploring both demand-side and supply-side explanations. Our results support … expected to influence debt maturity preferences as well as time, industry, and state fixed effects. Moreover, a seemingly … our findings. Altogether, our results indicate that firms alter their debt maturity choices in response to local …

The business cycle dynamics of firms' investment and debt maturity vary across the firm size and age distribution …: Young and small firms have strongly pro-cyclical debt maturity and investment, old and large firms a-cyclical debt maturity … and weakly pro-cyclical investment. This paper explores the importance of firms' debt maturity choices for their …

Evidence shows that firms market time their debt maturity. Specifically, maturity is found to be inversely proportional … the term spread is large and they increase maturity as the term spread decreases. In this article, we build a model … transaction costs. Firms reduce debt maturity as it lowers bankruptcy probability. In the same spirit, firms increase maturity to …

This paper extends our knowledge of corporate debt maturity structure by examining whether and to what extent … overconfident CEOs affect maturity decisions. Consistent with a demand side story, we find that firms with overconfident CEOs tend … to adopt a shorter debt maturity structure by using a higher proportion of short-term debt (due within 12 months). This …

creditors losing faith in the long-run prospects of the bank, hence forcing it to shorten its debt maturity. Finally, we build a … model that endogenizes the debt maturity structure and predicts that worse market expectations lead to a maturity shortening …

homogeneous or compete more aggressively. Moreover, we find that firms with shorter-maturity debt are less aggressive than their …