Past research shows that firms with constrained access to debt are more likely to withdraw from exporting. We argue that a firm's debt maturity structure (i.e., the short-term/long-term debt mix) also matters because short-term debt entails liquidity risk and long-term debt entails higher costs....

Past research shows that firms with constrained access to debt are more likely to withdraw from exporting. We argue that a firm's debt maturity structure (i.e., the short-term/long-term debt mix) also matters because short-term debt entails liquidity risk and long-term debt entails higher costs....