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The Debt Maturity Structure of Nigerian Quoted Firms

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  • Paseda, Oluseun
  • Olowe, Rufus

Abstract

Perhaps the most familiar idea underlying debt maturity choice is the maturity-matching hypothesis wherein liabilities' maturities correlate with assets' maturities. However, the maturity-matching hypothesis does not provide a comprehensive explanation for many empirical patterns of firm behaviour. This study investigates the determinants of debt maturity choice using a panel of 50 Nigerian quoted firms between 1999 and 2014.

Suggested Citation

  • Paseda, Oluseun & Olowe, Rufus, 2018. "The Debt Maturity Structure of Nigerian Quoted Firms," MPRA Paper 117061, University Library of Munich, Germany, revised 30 Jun 2018.
    • Handle: RePEc:pra:mprapa:117061
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    More about this item

    Keywords

    Debt maturity; contracting cost hypotheses; signalling hypotheses; tax hypotheses; liquidity risk hypotheses;
    All these keywords.

    JEL classification:

    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles
    • G3 - Financial Economics - - Corporate Finance and Governance
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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