This paper investigates the gap-filling explanation for corporate debt maturity choices in a multi-country setting. We … argue that companies adjust their debt maturity in response to shocks in government debt maturity both at home and abroad … results have relevant implications for the opportunity for individual governments to use their debt maturity structure as a …

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 …

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 …

Do firms lengthen the maturity of their borrowing following a flattening of the Treasury yield curve that results from … policy over the two regimes. We find that the answer is robustly yes for the pre-ZLB period: Firms extended the maturity of … their bond issuance by nearly three years in response to a policy-induced reduction of 1 percentage point in the maturity …

subtle as time goes to maturity. Also, our model yields higher equity values than Broadie and Kaya's model because the …