Matches in SemOpenAlex for { <https://semopenalex.org/work/W2098192574> ?p ?o ?g. }
Showing items 1 to 93 of
93
with 100 items per page.
- W2098192574 abstract "This study examines the determinants of corporate debt maturity structure decisions of French, German and UK firms using panel data. These countries are characterised by different financial systems and traditions that have implications on how firms decide their debt maturity structure. We apply several alternative estimation methods and show that in debt structure modelling endogeneity problem should be controlled for. We do so by using Generalised Method of Moments (GMM) estimation method. The GMM results suggest that firms in all three countries adjust their debt ratios to attain their target maturity structure. However, the speed at which firms adjust their maturity structure towards their target levels differs from one country to another. A direct association of debt maturity with leverage in all countries confirms the predictions of the liquidity risk argument. However, corporate tax rate, growth opportunities, liquidity, firm quality, earnings volatility, asset maturity and firm size have different degree and direction of effect on debt maturity across the sample countries. Apart from these firm-specific factors, we also find that the impact of market-related factors (term structure of interest rates, equity premium, share price performance, and interest rate volatility) on debt maturity is country dependent. Hence, the debt maturity structure of a firm is determined by both firm-specific factors and country-specific effects." @default.
- W2098192574 created "2016-06-24" @default.
- W2098192574 creator A5056984721 @default.
- W2098192574 creator A5082328249 @default.
- W2098192574 creator A5087960732 @default.
- W2098192574 date "2003-01-01" @default.
- W2098192574 modified "2023-09-26" @default.
- W2098192574 title "The Determinants of Corporate Debt Maturity Structure" @default.
- W2098192574 cites W1800186 @default.
- W2098192574 cites W1964457448 @default.
- W2098192574 cites W1986472132 @default.
- W2098192574 cites W1997970679 @default.
- W2098192574 cites W2000578291 @default.
- W2098192574 cites W2003343000 @default.
- W2098192574 cites W2013873851 @default.
- W2098192574 cites W2014168273 @default.
- W2098192574 cites W2024569236 @default.
- W2098192574 cites W2024620352 @default.
- W2098192574 cites W2025610165 @default.
- W2098192574 cites W2027382631 @default.
- W2098192574 cites W2035554302 @default.
- W2098192574 cites W2041376544 @default.
- W2098192574 cites W2080202456 @default.
- W2098192574 cites W208089624 @default.
- W2098192574 cites W2089596717 @default.
- W2098192574 cites W2104723218 @default.
- W2098192574 cites W2105973145 @default.
- W2098192574 cites W2111175378 @default.
- W2098192574 cites W2114924081 @default.
- W2098192574 cites W2115846503 @default.
- W2098192574 cites W2125720994 @default.
- W2098192574 cites W2156510931 @default.
- W2098192574 cites W3121403162 @default.
- W2098192574 cites W3121951548 @default.
- W2098192574 cites W3123223383 @default.
- W2098192574 cites W3125714868 @default.
- W2098192574 cites W3125939327 @default.
- W2098192574 cites W4250906752 @default.
- W2098192574 cites W4254843430 @default.
- W2098192574 cites W4256405316 @default.
- W2098192574 doi "https://doi.org/10.2139/ssrn.391571" @default.
- W2098192574 hasPublicationYear "2003" @default.
- W2098192574 type Work @default.
- W2098192574 sameAs 2098192574 @default.
- W2098192574 citedByCount "12" @default.
- W2098192574 countsByYear W20981925742012 @default.
- W2098192574 countsByYear W20981925742014 @default.
- W2098192574 countsByYear W20981925742019 @default.
- W2098192574 crossrefType "journal-article" @default.
- W2098192574 hasAuthorship W2098192574A5056984721 @default.
- W2098192574 hasAuthorship W2098192574A5082328249 @default.
- W2098192574 hasAuthorship W2098192574A5087960732 @default.
- W2098192574 hasConcept C10138342 @default.
- W2098192574 hasConcept C101433766 @default.
- W2098192574 hasConcept C106159729 @default.
- W2098192574 hasConcept C120527767 @default.
- W2098192574 hasConcept C135665773 @default.
- W2098192574 hasConcept C138496976 @default.
- W2098192574 hasConcept C144133560 @default.
- W2098192574 hasConcept C149933338 @default.
- W2098192574 hasConcept C15744967 @default.
- W2098192574 hasConcept C162324750 @default.
- W2098192574 hasConcept C556758197 @default.
- W2098192574 hasConcept C91602232 @default.
- W2098192574 hasConceptScore W2098192574C10138342 @default.
- W2098192574 hasConceptScore W2098192574C101433766 @default.
- W2098192574 hasConceptScore W2098192574C106159729 @default.
- W2098192574 hasConceptScore W2098192574C120527767 @default.
- W2098192574 hasConceptScore W2098192574C135665773 @default.
- W2098192574 hasConceptScore W2098192574C138496976 @default.
- W2098192574 hasConceptScore W2098192574C144133560 @default.
- W2098192574 hasConceptScore W2098192574C149933338 @default.
- W2098192574 hasConceptScore W2098192574C15744967 @default.
- W2098192574 hasConceptScore W2098192574C162324750 @default.
- W2098192574 hasConceptScore W2098192574C556758197 @default.
- W2098192574 hasConceptScore W2098192574C91602232 @default.
- W2098192574 hasLocation W20981925741 @default.
- W2098192574 hasOpenAccess W2098192574 @default.
- W2098192574 hasPrimaryLocation W20981925741 @default.
- W2098192574 hasRelatedWork W1540920240 @default.
- W2098192574 hasRelatedWork W1811234843 @default.
- W2098192574 hasRelatedWork W2004546370 @default.
- W2098192574 hasRelatedWork W2119147122 @default.
- W2098192574 hasRelatedWork W2125293876 @default.
- W2098192574 hasRelatedWork W2164572223 @default.
- W2098192574 hasRelatedWork W3038067428 @default.
- W2098192574 hasRelatedWork W3121632130 @default.
- W2098192574 hasRelatedWork W3123234645 @default.
- W2098192574 hasRelatedWork W4293063092 @default.
- W2098192574 isParatext "false" @default.
- W2098192574 isRetracted "false" @default.
- W2098192574 magId "2098192574" @default.
- W2098192574 workType "article" @default.