Debt maturity structure and the 1997 Asian financial crisis
Paudyal, Krishna and Deesomsak, R and Pescetto, G (2009) Debt maturity structure and the 1997 Asian financial crisis. Journal of Multinational Financial Management, 19 (1). pp. 26-42. (https://doi.org/10.1016/j.mulfin.2008.03.001)
Preview |
Text.
Filename: Debt-maturity-structure-and-the-1997-asian-financial-crisis.pdf
Accepted Author Manuscript License: Download (1MB)| Preview |
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 ID code: 30371 Dates: DateEvent2009PublishedSubjects: Social Sciences > Finance Department: Strathclyde Business School > Accounting and Finance Depositing user: Pure Administrator Date deposited: 08 Apr 2011 10:13 Last modified: 02 Aug 2024 19:36 URI: https://strathprints.strath.ac.uk/id/eprint/30371