Jun, Sang-Gyung; Jen, Frank C. - In: Review of Pacific Basin Financial Markets and Policies … 08 (2005) 02, pp. 309-337
Though maturity matching is a common practice in real finance, no academic study has been conducted yet on cross …-sectional variations in the degree of maturity matching. This study derives hypotheses on the maturity matching and empirically tests them …. We show that firms with a higher degree of maturity matching are more likely to stabilize equity values: they have lower …