Influence of Debt Maturity on Firm Performance: An International Comparison

Ben Said Hatem

International Journal of Economics and Finance, 2017, vol. 9, issue 5, 106-113

Abstract: This paper manipulate the effect of capital structure maturity on firm performance. Debt maturity is measured by three ratios (the long term capital structure, the short term capital structure and total debt ratio). We test a sample consisting of 116 firms from Malaysia and 92 firms from Mexico over a period of 7 years from 2005 to 2011. We could not find evidence on the effect of the long term capital structure ratio on firm performance for specification 5 for Mexico. However, firms with higher short term capital structure ratio, are less profitable. This result is valid for firms from Malaysia and Mexico. The results of total debt ratio are mixed. We conclude to a positive effect for specification 4 for Malaysia and a negative effect for other specifications for Malaysia and Mexico.

Keywords: long term debt ratio; short term debt ratio; total debt ratio; maturity (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ibn:ijefaa:v:9:y:2017:i:5:p:106-113

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