The Determinants of Corporate Debt Maturity Structure: Evidence from Czech Firms (in English)

Pavel Körner ()

Czech Journal of Economics and Finance (Finance a uver), 2007, vol. 57, issue 3-4, 142-158

Abstract: This paper investigates the determinants of the maturity structure of Czech corporate debt. A theoretical section provides an overview of contemporary theories on corporate debt maturity structure. An empirical section describes an econometric model that shows that long-term debt increases with company size and leverage and asset maturity. The impact of growth options, collateralizable assets, corporate-tax rate, and company-level volatility proves statistically insignificant. Finally, the paper discusses the limitations of the results in terms of data, variables, and determinants.

Keywords: bank debt; bond debt; corporate debt maturity structure; long-term debt; short-term debt; transition economy (search for similar items in EconPapers)
JEL-codes: G31 G32 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:fau:fauart:v:57:y:2007:i:3-4:p:142-158

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