Bali, Geetanjali; Skinner, Frank S. - In: The Financial Review 41 (2006) 2, pp. 187-203
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...