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Debt maturity structure and the 1997 Asian financial crisis

Deesomsak, R.; Paudyal, K.; Pescetto, G.

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Authors

K. Paudyal

G. Pescetto



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.

Citation

Deesomsak, R., Paudyal, K., & Pescetto, G. (2009). Debt maturity structure and the 1997 Asian financial crisis. Journal of Multinational Financial Management, 19(1), 26-42. https://doi.org/10.1016/j.mulfin.2008.03.001

Journal Article Type Article
Publication Date Feb 1, 2009
Deposit Date May 22, 2009
Publicly Available Date Mar 28, 2024
Journal Journal of Multinational Financial Management
Print ISSN 1042-444X
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 19
Issue 1
Pages 26-42
DOI https://doi.org/10.1016/j.mulfin.2008.03.001
Keywords Debt maturity structure, Asia Pacific region, Financial crisis.
Public URL https://durham-repository.worktribe.com/output/1530012

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