Determinants of debt maturity structure across firm size
| Autor: | Víctor M. González |
|---|---|
| Rok vydání: | 2013 |
| Předmět: |
Economics and Econometrics
Labour economics Financial economics media_common.quotation_subject education Vencimiento de la deuda Tamaño empresarial Oportunidades de crecimiento Monetary economics Maturity (finance) humanities Interest rate Information asymmetry Accounting Economics Información asimétrica Relevance (law) Debt maturity Business Asset (economics) health care economics and organizations Finance media_common |
| Zdroj: | WOK RUO. Repositorio Institucional de la Universidad de Oviedo instname |
| ISSN: | 2332-0753 0210-2412 |
| DOI: | 10.1080/02102412.2013.10779745 |
| Popis: | 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. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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