Debt maturity structure and the 1997 Asian financial crisis

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

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: Jun 9, 2009
• Journal: Journal of Multinational Financial Management
• Print ISSN: 1042-444X
• Electronic ISSN: 1873-1309
• 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