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.
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.
|Keywords:||Debt maturity structure, Asia Pacific region, Financial crisis.|
|Full text:||(AM) Accepted Manuscript|
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|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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