Showing 111 - 120 of 697,550
We study a novel aspect of a firm's capital structure, namely the profile of its debt maturity dates. In a simple … results. First, using an exogenous shock to rollover risk, we document a significant increase in maturity dispersion for firms … pre-existing maturity profiles …
Persistent link: https://www.econbiz.de/10012975587
ratio, a 26% decrease in probability of holding debt with over 10 years to maturity, and a 39% increase in the probability …
Persistent link: https://www.econbiz.de/10013003487
This paper examines the relation between chief executive officer (CEO) inside debt holdings and corporate debt maturity …. We provide robust evidence that inside debt has a positive effect on short-maturity debt and that this effect is …
Persistent link: https://www.econbiz.de/10013004182
the impact of Corporate Social Responsibility (CSR) on firm debt maturity. Using a large sample of US firms, we find … robust evidence that high CSR firms significantly reduce their debt maturity. In particular, our findings suggest that … diversity and community are the dimensions which matter the most in explaining firm debt maturity. Furthermore, our results also …
Persistent link: https://www.econbiz.de/10013005237
We provide evidence on leverage and debt maturity targeting in a large international setting. There are key differences …
Persistent link: https://www.econbiz.de/10012852251
We examine the importance of Big Four audits in reducing agency costs evident in corporate debt maturity worldwide … for monitoring purposes. In additional analyses, we find that the role that auditor choice plays in debt maturity is …, our research implies that Big Four audits matter to corporate debt maturity, although the impact is isolated in firms …
Persistent link: https://www.econbiz.de/10013043358
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 …
Persistent link: https://www.econbiz.de/10013046579
This paper studies the effect of risk-taking incentives provided in managerial compensation on corporate debt maturity … and managerial risk-taking incentives. We find that treated firms significantly increased debt maturity relative to …
Persistent link: https://www.econbiz.de/10012931946
We provide evidence on leverage and debt maturity targeting in a large international setting. There are key differences …
Persistent link: https://www.econbiz.de/10012628492
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 …
Persistent link: https://www.econbiz.de/10013035215