Hostname: page-component-78c5997874-xbtfd Total loading time: 0 Render date: 2024-11-15T08:01:19.726Z Has data issue: false hasContentIssue false
  • English
  • Français

Abstract–An Empirical Investigation of the Corporate Debt Maturity Structure

Published online by Cambridge University Press:  19 October 2009

James R. Morris
Get access Rights & Permissions [Opens in a new window]

Extract

This paper develops a hypothesis regarding the factors which influence the average maturity of corporate debt, and the hypothesis is tested with a cross-sectional sample of large industrial firms. The sample consists of 159 companies from the Fortune 500 list of the largest industrial firms as of 1971. A linear regression model is developed with the firm's average debt maturity expressed as a function of the firm's asset maturity, size, variability of income, growth, and the proportion of debt in the firm's capital structure.

Type
II. Corporate Financing Decisions
Information
Journal of Financial and Quantitative Analysis , Volume 10 , Issue 4 , November 1975 , pp. 539
Copyright
Copyright © School of Business Administration, University of Washington 1975

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)