This paper analyses the influence of bank ownership and lending on capital structure for a sample of listed and unlisted Spanish firms in the period 2005–2012. The results suggest that bank ownership allows banks to obtain better information and reduce the agency costs of debt, as it has a...

Using a firm-level database covering 52 countries during the period 2004-2020, we investigate how legal institutions and the structure of banking systems affect the provision of trade credit for private firms. The results show that there is more reliance on trade credit versus short-term bank...

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...

This article examines the long-run stock market performance of German and Spanish initial public offerings (IPOs) between 1990 and 2000. We distinguish between family- and nonfamily-owned business IPOs by using the power subscale of the F-PEC. Buy-and-hold-abnormal returns (BHAR) are calculated...

This paper analyses the effect of firm- and country-level determinants on debt maturity structure and how this effect varies across countries and across firm size. Results for 39 countries show that firm-level variables such as asset maturity, size, firm quality and leverage affect debt maturity...

This study examines the empirical determinants of debt maturity structure across the size of Spanish firms. Our evidence offers support for the relevance of growth opportunities, size, asymmetric information and asset to maturity to explain debt maturity structure. The paper also provides...