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Debt maturity structure and the 1997 Asian financial crisis

  • Deesomsak, Rataporn
  • Paudyal, Krishna
  • Pescetto, Gioia

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.

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Article provided by Elsevier in its journal Journal of Multinational Financial Management.

Volume (Year): 19 (2009)
Issue (Month): 1 (February)
Pages: 26-42

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Handle: RePEc:eee:mulfin:v:19:y:2009:i:1:p:26-42
Contact details of provider: Web page: http://www.elsevier.com/locate/mulfin

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