shorter maturities. To illustrate our argument, we present a simple model in which the maturity structure is the outcome of a …

have stronger managerial overconfidence. Thus, corporate debt maturity structure is more weakly correlated with debt ratio … analyze the effects of managerial overconfidence on debt maturity structure decisions in terms of liquidity risk and asset …Purpose–The purpose of this paper is to empirically analyze the effects of managerial overconfidence on debt maturity …

there an optimal maturity structure of public debt? Using a stochastic Diamond OLG model, we tackle these questions. We show … that there may be a welfareimproving role for a well-designed maturity structure of debt. …

credible announcements, the maturity structure of government debt is totally irrelevant. This paper investigates the role of … maturity has a role to play. In fact, an appropriate choice of the maturity structure may remove the inefficiency introduced by …

there an optimal maturity structure of public debt? Using a stochastic Diamond OLG model, we tackle these questions. We show … that there may be a welfareimproving role for a well-designed maturity structure of debt. …

I analyze how lack of commitment affects the maturity structure of sovereign debt. Governments balance benefits of …-term debt affects default and rollover decisions by subsequent policy makers. The equilibrium maturity structure is shaped by … maturity structure with positive gross positions and a shortening of the maturity structure when debt issuance is high, output …

-term debt. First, we present a model where the debt maturity structure is the outcome of a risk sharing problem between the …