Debt maturity structure and the 1997 Asian financial crisis

Krishna Paudyal; R Deesomsak; G Pescetto

doi:10.1016/j.mulfin.2008.03.001

Debt maturity structure and the 1997 Asian financial crisis

Krishna Paudyal, R Deesomsak, G Pescetto

Accounting And Finance

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Abstract

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 language	English
Pages (from-to)	26-42
Number of pages	16
Journal	Journal of Multinational Financial Management
Volume	19
Issue number	1
DOIs	https://doi.org/10.1016/j.mulfin.2008.03.001
Publication status	Published - 2009

Keywords

debt maturity structure
financial crisis
asia pacific region;

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10.1016/j.mulfin.2008.03.001

Debt-maturity-structure-and-the-1997-asian-financial-crisisAccepted author manuscript, 1.08 MBLicence: CC BY-NC-ND 4.0

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Debt maturity structure and the 1997 Asian financial crisis

Abstract

Keywords

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