We provide evidence on leverage and debt maturity targeting in a large international setting. There are key differences in the relative importance of institutional factors in explaining actual as opposed to target capital structures. Targets and target deviations are plausibly influenced by the institutional environment. Firms from countries with strong legal institutions target lower leverage and higher long-term debt, whereas better-functioning financial systems result in lower target leverage and long-term debt. Financial crisis has shifted the desired structure of the securities toward shorter maturities and has led to more prevalent target deviations. Better institutions significantly decrease the likelihood of target deviations
The objective of this study is to investigate the determinants of the capital structure decision in ...
The static tradeoff theory of capital structure hypothesizes that firms have a target leverage which...
This study investigates the factors affecting financing decisions and speed of adjustment of U.S. co...
This study examines how the institutional environment influences capital structure and debt maturity...
This study examines how the institutional environment influences capital structure and debt maturity...
This paper shows the influence of firm‐ and country‐level determinants on debt maturity structure fo...
The aim of this paper is to analyse for a multi-country large emerging market sample the choice betw...
We exploit the natural institutional variation in Western Europe to examine leverage (and debt matur...
An appropriate debt maturity structure is essential for firms to enable them align asset structure t...
This study examines the determinants of corporate debt maturity structure decisions of French, Germa...
AbstractThis paper analyzes differences in target leverage and speed of adjustment across three life...
We study how credit market deregulation and financial openness have changed corporate debt maturity....
AbstractWe study how credit market deregulation and financial openness have changed corporate debt m...
This thesis consists of 3 empirical papers examining the capital structure and debt maturity determi...
We explore the differential impact of leverage and debt maturity structure on investment in Europea...
The objective of this study is to investigate the determinants of the capital structure decision in ...
The static tradeoff theory of capital structure hypothesizes that firms have a target leverage which...
This study investigates the factors affecting financing decisions and speed of adjustment of U.S. co...
This study examines how the institutional environment influences capital structure and debt maturity...
This study examines how the institutional environment influences capital structure and debt maturity...
This paper shows the influence of firm‐ and country‐level determinants on debt maturity structure fo...
The aim of this paper is to analyse for a multi-country large emerging market sample the choice betw...
We exploit the natural institutional variation in Western Europe to examine leverage (and debt matur...
An appropriate debt maturity structure is essential for firms to enable them align asset structure t...
This study examines the determinants of corporate debt maturity structure decisions of French, Germa...
AbstractThis paper analyzes differences in target leverage and speed of adjustment across three life...
We study how credit market deregulation and financial openness have changed corporate debt maturity....
AbstractWe study how credit market deregulation and financial openness have changed corporate debt m...
This thesis consists of 3 empirical papers examining the capital structure and debt maturity determi...
We explore the differential impact of leverage and debt maturity structure on investment in Europea...
The objective of this study is to investigate the determinants of the capital structure decision in ...
The static tradeoff theory of capital structure hypothesizes that firms have a target leverage which...
This study investigates the factors affecting financing decisions and speed of adjustment of U.S. co...