Determinants of debt maturity structure across firm size

被引：0
|
作者：
Gonzalez Mendez, Victor M. [1 ]
机构：
[1] Univ Oviedo, E-33071 Oviedo, Spain
来源：
REVISTA ESPANOLA DE FINANCIACION Y CONTABILIDAD-SPANISH JOURNAL OF FINANCE AND ACCOUNTING | 2013年 / 42卷 / 158期
关键词：
Debt maturity; Firm size; Growth opportunities; Asymmetric information; Maturity of assets; Taxes; CAPITAL STRUCTURE; CORPORATE-DEBT; ASYMMETRIC INFORMATION; SPECIFICATION; ECONOMETRICS; INSTITUTIONS; LEVERAGE; POLICY; RISK; SMES;
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study examines the empirical determinants of debt maturity structure across the size of Spanish firms. Our evidence offers support for the relevance of growth opportunities, size, asymmetric information and asset to maturity to explain debt maturity structure. The paper also provides evidence regarding the differences in explanations according to firm size. It is shown that debt maturity in small firms is higher when the slope of the interest rate term structure increases and for very low-risk and very risky firms.
引用
收藏
页码：187 / 209
页数：23
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