Debt maturity structure and the 1997 Asian financial crisis

Rataporn Deesomsak (), Krishna Paudyal () and Gioia Pescetto

Journal of Multinational Financial Management, 2009, vol. 19, issue 1, pages 26-42

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.

Keywords: Debt; maturity; structure; Asia; Pacific; region; Financial; crisis (search for similar items in EconPapers)
Date: 2009

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Persistent link: http://EconPapers.repec.org/RePEc:eee:mulfin:v:19:y:2009:i:1:p:26-42

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