The Journal of FinanceBarclay, M., and C. Smith, 1995, The maturity structure of corporate debt, Journal of Finance 50, 609-631.Barclay M J,Smith C W.The Maturity Structure of Corporate Debt.The Journal of Finance. 1995Barclay, M.J., Smith Jr., C.W., 1995. The maturity structure ...
We provide an empirical examination of the determinants of corporate debt maturity. Our evidence offers strong support for the contracting-cost hypothesis. Firms that have few growth options, are large, or are regulated have more long-term debt in their capital structure. We find little evidence ...
The Journal of FinanceBrockman P, Martin X, Unlu E (2010) Executive compensation and the maturity structure of corporate debt. J Financ 65:1123–1161 View ArticleBrockman P, Martin X, Unlu E (2010) Executive compensation and the maturity structure of corporate debt. J Financ 65:1123–1161...
Credit riskCorporate BondsWe study a firm's choice of debt maturity and optimal default timing in the face of declining cash flows. Extending He and Milbradt (2016), we offer a full chardoi:10.2139/ssrn.3086708Alfredo IbaaezSSRN Electronic Journal...
Our results suggest that there are three main types of factors that affect the structure of debt issues: First, firm-specific factors such as leverage, growth opportunities and cash holdings are related with the convertibility, maturity and security structure of issued bonds. Second, economy-wide ...
This paper investigates the empirical determinants of corporate debt maturity structure. This is done by testing several leading theoretical models of debt maturity structure using a cross-sectional data set of 321 non-financial UK firms... A Ozkan - 《Applied Financial Economics》 被引量: 172发表...
We examine the firm and institutional determinants of corporate debt maturity structure in the MENA region.We find a very limited use of long-term debt by MENA firms.The use of long-term debt in the MENA region is by far lower than what is reported in prior literature on other parts of ...
corporate bond market,and only with lower financial leverage will decrease liquidity risk.Under the current constraint of financial markets,the firm's reasonable choice is the mismatching of debt maturity structure and lower financial leverage,not high financial leverage to reach high speed development,...
This study investigates the relationships between debt maturity structure and corporation R&D investment. Using a large sample of US listed firms over the period of 1995 to 2015, it was found that the use of bank debt positively influences R&D investment, whereas the use of public debt exerts a...
Systematic risk, debt maturity, and the term structure of credit spreads We document several facts about corporate debt maturity: (1) debt maturity is pro-cyclical, (2) higher-beta firms tend to have longer maturity, and (3) shorter maturity amplifies the sensitivity of credit spreads to aggre...