Debt maturity structure and the 1997 asian financial crisis

Krishna Paudyal, R Deesomsak, G Pescetto

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39 Citations (Scopus)


The paper investigates the effects of firm-specific and country-specific characteristics, and the 1997 Asian financial crisis on the debt maturity structure of firms in the Asia Pacific region. The results indicate that firms in this region have a target optimal debt maturity structure, and the maturity structure decision of a firm is driven by both its own characteristics and the economic environment. They also reveal that the crisis had significant effect on firm's debt maturity structure and their determinants.

Original languageEnglish
Pages (from-to)26-42
Number of pages16
JournalJournal of Multinational Financial Management
Issue number1
Publication statusPublished - 2009


  • debt maturity structure
  • financial crisis
  • asia pacific region;

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