We investigate the influence of national culture on corporate debt maturity choice. Based on the framework of … to be related to debt maturity structure after controlling for legal, political, financial, and economic institutions … explain cross-country variations in the maturity structure of corporate debt …

What determines the maturity structure of debt? In this article, I develop a simple model to explore how the optimal … maturity of debt issued by a firm (or a country) depends both on the firm’s cyclical state and other features of the economic … longer maturity, while firms operating in more-volatile environments issue debt with shorter maturity. Yield to maturity is a …

We examine the relation between managerial ownership and corporate debt maturity for the firms listed in Borsa Istanbul … term debt maturity. This finding is in line with the agency cost theory which states that ownership of managers' results in … maturity choices of entrenched managers. We measure entrenchment by adding quadratic form of ownership in our model. Finally …

inverse relation between short-maturity debt and future crash risk is more pronounced for firms that are harder to monitor due … study implies that short-maturity debt not only preserves creditors' interests, but also protects shareholders' wealth …

I develop a dynamic capital structure model in which shareholders determine a firm's leverage ratio, debt maturity, and … all the firm's cash flows and can pick a new capital structure. The possibility to alter the capital structure at maturity … gives shareholders the incentive to issue finite maturity debt and allows me to study firms' joint choice of leverage and …

We study a novel aspect of a firm's capital structure, namely the profile of its debt maturity dates. In a simple … results. First, using an exogenous shock to rollover risk, we document a significant increase in maturity dispersion for firms … pre-existing maturity profiles …

This paper examines the relation between chief executive officer (CEO) inside debt holdings and corporate debt maturity …. We provide robust evidence that inside debt has a positive effect on short-maturity debt and that this effect is …