This paper documents the different debt maturity choices of firms by allowing debt heterogeneity. We use a sample of US companies' capital structure and employ dynamic panel regressions and Instrumental Variable approach. When taking the maturity of each type of debt into account, the researcher...

Digital firms, emerging entities in the digital era, are fundamentally reshaping the global business landscape due to their novel characteristics and far-reaching influence. Given their intrinsic transnational characteristics, the international expansion of digital firms has become a focal point...