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 …

contingent capital and debt maturity on capital structure, debt overhang, and asset substitution. We also calibrate the model to …

relation between a firm's debt maturity structure choice and its growth opportunities. Firms with high pre-pandemic exposure to … growth-inducing factors obtained from 10-K filings have increased debt maturity and are more likely to exercise a call on … to adjust their debt maturity structure. Further, the increase in debt maturity following exogenous changes in growth …

debt, and earnings ratio, determine the optimal choice of leverage and maturity. The model assumes that debt pays a regular … flow of interests, allows the firm to rebalance its optimal capital structure at maturity issuing new debt at par, links …

prior to issuing additional debt. For realistic values of issuance costs and debt maturity, the no-commitment policy …

This paper examines the determinants of debt maturity structure in listed small and medium enterprises in Vietnam from … 2010 to 2019. Agency cost theory, signaling theory, tax-based theory, and matching theory are discussed as platform … theories for determining the factors affecting corporate debt maturity structure. Based on those theories and previous research …

In a dynamic framework, this paper studies a firm’s optimal capital structure choice in terms of the maturity and call … generally find that finite maturity is optimal …

We take a simple q-theory model and ask how well it can explain external financing anomalies, both qualitatively and …

develop a theory of the mechanism, provide empirical evidence, evaluate the ability of the quantitative theory to match the …