Exploring the determinants of corporate debt maturity: evidence from Tunisian market

Nader Naifar

International Journal of Business and Emerging Markets, 2010, vol. 2, issue 2, 163-179

Abstract: The aim of this paper is to explore empirically the determinants of corporate debt maturity in the Tunisian context using a linear regression. The model incorporates factors representing firm's specific characteristics and equity market conditions. The findings provide the significance of asset maturity, growth opportunities, firm quality, return on asset, leverage and loans between firms. However, we find no evidence for the inverse relation between growth opportunities and debt maturity. Furthermore, we find no evidence that equity market conditions affect debt maturity structure. The paper has several practical implications that are of value for policy makers, investors and risk managers.

Keywords: corporate debt maturity; Tunisia; linear regression; determinants; firm quality; equity markets; asset maturity; business growth; return on assets; leverage; inter-firm loans; policy making; investors; investments; risk management; emerging markets. (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=31689 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbema:v:2:y:2010:i:2:p:163-179

Access Statistics for this article

More articles in International Journal of Business and Emerging Markets from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().