The determinants of corporate debt maturity structure:: Evidence from Czech firms

被引：0
|
作者：
Korner, Pavel [1 ]
机构：
[1] Charles Univ Prague, Fac Social Sci, Inst Econ Studies, Prague, Czech Republic
来源：
FINANCE A UVER-CZECH JOURNAL OF ECONOMICS AND FINANCE | 2007年 / 57卷 / 3-4期
关键词：
bank debt; bond debt; corporate debt maturity structure; long-term debt; short-term debt; transition economy; CHOICE;
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper investigates the determinants of the maturity structure of Czech corporate debt. A theoretical section provides an overview of contemporary theories on corporate debt maturity structure. An empirical section describes an econometric model that shows that long-term debt increases with company size and leverage and asset maturity. The impact of growth options, collateralizable assets, corporate-tax rate, and company-level volatility proves statistically insignificant. Finally, the paper discusses the limitations of the results in terms of data, variables, and determinants.
引用
收藏
页码：142 / 158
页数：17
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