The Debt Maturity Choice: A Multinominal Logit Analysis

Karlyn Mitchell

No 259441, Department of Economics and Business - Archive from North Carolina State University, Department of Economics

Abstract: This paper presents an empirical investigation of the determinants of firms' debt maturity choices. Testable hypotheses about the determinants are identified and discussed. A multinomial logit model to test the hypotheses is developed and estimated on· a sample of bonds offered by industrial corporations from 1982 to ,1986.

Keywords: Financial Economics; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 49
Date: 1988-09-01
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ncbuar:259441

DOI: 10.22004/ag.econ.259441

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