Abstract–An Empirical Investigation of the Corporate Debt Maturity Structure

James R. Morris

Journal of Financial and Quantitative Analysis, 1975, vol. 10, issue 4, 539-539

Abstract: 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.

Date: 1975
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