The determinants of debt maturity structure: evidence from the Asia Pacific region

R. Deesomsak; K. Paudyal; Gioia Pescetto

doi:10.1016/j.mulfin.2008.03.001

The determinants of debt maturity structure: evidence from the Asia Pacific region

R. Deesomsak, K. Paudyal, Gioia Pescetto

Faculty of Business & Law

Research output: Contribution to journal › Article › peer-review

Abstract

The paper investigates the effects of firm-specific and country-specific characteristics, and the 1997 Asian financial crisis on the debtmaturity structure of firms in the Asia Pacific region. The results indicate that firms in this region have a target optimal debtmaturity structure, and the maturity structure decision of a firm is driven by both its own characteristics and the economic environment. They also reveal that the crisis had significant effect on firm's debtmaturity structure and their determinants.

Original language	English
Pages (from-to)	26-42
Number of pages	17
Journal	Journal of Multinational Financial Management
Volume	19
Issue number	1
DOIs	https://doi.org/10.1016/j.mulfin.2008.03.001
Publication status	Published - Feb 2009

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 10 Reduced Inequalities

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10.1016/j.mulfin.2008.03.001

http://www.sciencedirect.com/science/article/pii/S1042444X08000200

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title = "The determinants of debt maturity structure: evidence from the Asia Pacific region",

abstract = "The paper investigates the effects of firm-specific and country-specific characteristics, and the 1997 Asian financial crisis on the debtmaturity structure of firms in the Asia Pacific region. The results indicate that firms in this region have a target optimal debtmaturity structure, and the maturity structure decision of a firm is driven by both its own characteristics and the economic environment. They also reveal that the crisis had significant effect on firm's debtmaturity structure and their determinants.",

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AB - The paper investigates the effects of firm-specific and country-specific characteristics, and the 1997 Asian financial crisis on the debtmaturity structure of firms in the Asia Pacific region. The results indicate that firms in this region have a target optimal debtmaturity structure, and the maturity structure decision of a firm is driven by both its own characteristics and the economic environment. They also reveal that the crisis had significant effect on firm's debtmaturity structure and their determinants.

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The determinants of debt maturity structure: evidence from the Asia Pacific region

Abstract

UN SDGs

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