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...

This paper presents a general cost model and the methods of solution for determining the optimum combination of capacities of the production facilities of a steady-state production system. The model is applied to the practical problem of finding the optimum combination of capacities of the...