The Original Maturity of Corporate Bonds : The Influence of Credit Rating, Asset Maturity, Security and Macroeconomic Conditions

We examine the determinants of the new issue maturity of corporate bonds. As credit rating decreases, new bond issues have longer maturities but substantial variation in maturity within each rating class remains. We seek to explain the variation of new issue maturity within credit classes. We find that asset maturity, security covenants, and macroeconomic conditions influence the new issue maturity of bonds within rating categories

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Year of publication:	[2006]
Authors:	Bali, Geetanjali
Other Persons:	Skinner, Frank S. (contributor)
Publisher:	[2006]: [S.l.] : SSRN
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Notes:	In: Financial Review, Vol. 41, No. 2, May 2006 Volltext nicht verfügbar
Classification:	G24 - Investment Banking; Venture Capital; Brokerage
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012782250