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Debt maturity structure and the 1997 Asian financial crisis.

Deesomsak, R. and Paudyal, K. and Pescetto, G. (2009) 'Debt maturity structure and the 1997 Asian financial crisis.', Journal of multinational financial management., 19 (1). pp. 26-42.

Abstract

The paper investigates the effects of firm-specific and country-specific characteristics, and the 1997 Asian financial crisis on the debt maturity structure of firms in the Asia Pacific region. The results indicate that firms in this region have a target optimal debt maturity structure, and the maturity structure decision of a firm is driven by both its own characteristics and the economic environment. They also reveal that the crisis had significant effect on firm's debt maturity structure and their determinants.

Item Type:Article
Keywords:Debt maturity structure, Asia Pacific region, Financial crisis.
Full text:PDF - Accepted Version (430Kb)
Status:Peer-reviewed
Publisher Web site:http://dx.doi.org/10.1016/j.mulfin.2008.03.001
Record Created:22 May 2009 13:05
Last Modified:03 Nov 2011 16:10

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