WebNov 1, 2003 · In firm-level data, Guedes and Opler (1996) document that the maturity of issues is negatively related to the term spread (the difference between the yields of long- and short-term government debt), and Barclay and Smith (1995) and Stohs and Mauer (1996) find a similar result—that the maturity of debt on balance sheets is negatively … WebOct 1, 2024 · Endogenous debt maturity The crucial difference in the benchmark economy with long-term debt is that firms do not maximize the sum of all equity and debt claims. Firms internalize the market value of newly issued debt but disregard any effects of their … They discuss how the optimal maturity structure changes over the business cycle…
Debt Maturity Structure and Firm investment - McMaster …
WebOptimal debt maturity and firm investment Tipus de document: Document de treball Data de publicació: 2016-11 Aquest document està subjecte a una llicència Creative Commons … WebThis paper studies the optimal maturity structure of debt in a standard investment model. Firms operate long-term assets, and may want to use long-term debt to reduce short … china barn door cabinet hardware
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WebJan 26, 2024 · The present study empirically investigates the linkage between debt maturity structure and firm investment in a financially constrained environment, using Pakistan as a case study, to... WebSep 14, 2024 · In their model, the key factors affecting a firm’s decision on fixed asset investment include the cost of capital, rate of return on investment, and tax policy for investment income. Furthermore, in their paper, it was shown that accelerated depreciation reduces the cost of capital use and encourages investment. WebApr 13, 2024 · Default risk, systematic risk and Thai firms before, during and during and after the Asian crisis. Resarch in International Business and Finance 19: 95–110. [Google Scholar] Chen, Hui, Yu Xu, and Jun Yang. 2024. Systematic risk, debt maturity, and the term structure of credit spreads. Journal of Financial Economics 131: 770–99. china bar signature buffet epping branch