Debt Maturity and the Dynamics of Leverage
[Rollover risk and market freezes]
Citations
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Cited by:
- Kārlis Vilerts & Sofia Anyfantaki & Konstantīns Beņkovskis & Sebastian Bredl & Massimo Giovannini & Florian Matthias Horky & Vanessa Kunzmann & Tibor Lalinský & Athanasios Lampousis & Elizaveta Lukman, 2026.
"Details Matter: Loan Pricing and Transmission of Monetary Policy in the Euro Area,"
International Journal of Central Banking, International Journal of Central Banking, vol. 22(2), pages 1-89, April.
- KÄ rlis Vilerts & Sofia Anyfantaki & KonstantÄ«ns Beņkovskis & Sebastian Bredl & Massimo Giovannini & Florian Matthias Horky & Vanessa Kunzmann & Tibor Lalinský & Athanasios Lampousis & Elizaveta Lu, 2025. "Details matter: loan pricing and transmission of monetary policy in the euro area," Working Papers 345, Bank of Greece.
- Vilerts, Kārlis & Anyfantaki, Sofia & Beᶇkovskis, Konstantīns & Bredl, Sebastian & Giovannini, Massimo & Horky, Florian Matthias & Kunzmann, Vanessa & Lalinský, Tibor & Lampousis, Athanasios & Lukmano, 2025. "Details matter: Loan pricing and transmission of monetary policy in the euro area," Discussion Papers 21/2025, Deutsche Bundesbank.
- Anyfantaki, Sofia & Benkovskis, Konstantins & Kunzmann, Vanessa & Lalinsky, Tibor & Petroulakis, Filippos & Zutis, Klavs & Vilerts, Kārlis & Bredl, Sebastian & Giovannini, Massimo & Horky, Florian Mat, 2025. "Details matter: loan pricing and transmission of monetary policy in the euro area," Working Paper Series 3078, European Central Bank.
- Vilerts, Karlis & Anyfantaki, Sofia & Benkovskis, Konstantins & Bredl, Sebastian & Giovannini, Massimo & Matthias Horky, Florian & Kunzmann, Vanessa & Lalinský, Tibor & Lampousis, Athanasios & Lukmano, 2025. "Details Matter: Loan Pricing and Transmission of Monetary Policy in the Euro Area," Research Technical Papers 8/RT/25, Central Bank of Ireland.
- KÄ rlis Vilerts & Sofia Anyfantaki & KonstantÄ«ns Beņkovskis & Sebastian Bredl & Massimo Giovannini & Florian Horky & Vanessa Kunzmann & Tibor Lalinský & Athanasios Lampousis & Elizaveta Lukmanova &, 2025. "Details Matter: Loan Pricing and Transmission of Monetary Policy in the Euro Area," Working and Discussion Papers WP 8/2025, Research Department, National Bank of Slovakia.
- Karlis Vilerts & Sofia Anyfantaki & Konstantins Benkovskis & Sebastian Bredl & Massimo Giovannini & Florian Matthias Horky & Vanessa Kunzmann & Tibor Lalinsky & Athanasios Lampousis & Elizaveta Lukman, 2025. "Details Matter: Loan Pricing and Transmission of Monetary Policy in the Euro Area," Working Papers 2025/04, Latvijas Banka.
- Bougias, Alexandros & Episcopos, Athanasios & Leledakis, George N., 2022.
"The role of asset payouts in the estimation of default barriers,"
International Review of Financial Analysis, Elsevier, vol. 81(C).
- Bougias, Alexandros & Episcopos, Athanasios & Leledakis, George N., 2022. "The role of asset payouts in the estimation of default barriers," MPRA Paper 112317, University Library of Munich, Germany.
- Liu, Ethan Xin & Du, Chenxi, 2026. "How do narcissistic CEOs decide their firms’ debt maturity? An analysis based on the SPIN model," Journal of Contemporary Accounting and Economics, Elsevier, vol. 22(1).
- Wenlian Gao & Feifei Zhu & Kai Chen, 2023. "The role of bank lenders in firm leverage adjustments," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 46(1), pages 63-97, February.
- Della Seta, Marco & Morellec, Erwan & Zucchi, Francesca, 2020.
"Short-term debt and incentives for risk-taking,"
Journal of Financial Economics, Elsevier, vol. 137(1), pages 179-203.
- Marco Della Seta & Erwan Morellec & Francesca Zucchi, 2019. "Short-Term Debt and Incentives for Risk-Taking," Swiss Finance Institute Research Paper Series 19-21, Swiss Finance Institute, revised Apr 2019.
- Thomas Geelen & Erwan Morellec & Natalia Rostova, 2025. "Relationship Capital and Financing Decisions," Management Science, INFORMS, vol. 71(12), pages 10308-10324, December.
- Dominika Gajdosikova & Katarina Valaskova & Tomas Kliestik & Maria Kovacova, 2023. "Research on Corporate Indebtedness Determinants: A Case Study of Visegrad Group Countries," Mathematics, MDPI, vol. 11(2), pages 1-30, January.
- Andrea Gamba & Alessio Saretto, 2023. "Debt Maturity and Commitment on Firm Policies," Working Papers 2303, Federal Reserve Bank of Dallas, revised 04 Mar 2026.
- Kostic, Natalija & Muthsam, Viktoria & Laux, Christian, 2023. "Accounting Changes and Enforcement of Bank Capital Requirements in a Crisis," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277694, Verein für Socialpolitik / German Economic Association.
- Amilcar A. Menichini, 2025. "Risk-free vs risky components of debt," Review of Quantitative Finance and Accounting, Springer, vol. 65(4), pages 1539-1570, November.
- Wang, Wenjun, 2025. "Roll with the punches: Climate change regulation and short-term financing," Energy Policy, Elsevier, vol. 206(C).
- Chaigneau, Pierre, 2024.
"Capital Structure with Information about the Upside and the Downside,"
Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 59(8), pages 3921-3958, December.
- Chaigneau, Pierre, 2023. "Capital Structure with Information about the Upside and the Downside," MPRA Paper 121397, University Library of Munich, Germany.
- Mengjun Feng & Dequan Yao & Shenggang Yang & Pengyi Dai, 2025. "Stock market liberalisation and debt maturity structure: Evidence from the Shanghai‐Hong Kong Stock Connect," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 65(1), pages 143-167, March.
- Ahmed Nahar Al Hussaini, 2018. "Factors Affecting Debt to Equity Mixture in Kuwait, Bahrain and Oman," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 8(12), pages 1204-1218, December.
- Perla, Jesse & Pflueger, Carolin & Szkup, Michal, 2024. "Commitment and investment distortions under limited liability," Journal of Economic Theory, Elsevier, vol. 222(C).
- Benzoni, Luca & Garlappi, Lorenzo & Goldstein, Robert S. & Ying, Chao, 2022.
"Debt dynamics with fixed issuance costs,"
Journal of Financial Economics, Elsevier, vol. 146(2), pages 385-402.
- Luca Benzoni & Lorenzo Garlappi & Robert S. Goldstein & Chao Ying, 2022. "Debt Dynamics with Fixed Issuance Costs," Working Paper Series WP 2023-01, Federal Reserve Bank of Chicago.
- Liu, Tianming & Xiong, Haifang & Li, Yifei & Wang, Zhiqiang, 2023. "The flight to safety during credit recovery: The role of implicit government guarantees," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
- Luca Benzoni & Lorenzo Garlappi & Robert S. Goldstein & Julien Hugonnier & Chao Ying, 2020. "Optimal Debt Dynamics, Issuance Costs, and Commitment," Working Paper Series WP-2020-20, Federal Reserve Bank of Chicago.
- Luca Benzoni & Lorenzo Garlappi & Robert Goldstein, 2023. "Incomplete Information, Debt Issuance, and the Term Structure of Credit Spreads," Management Science, INFORMS, vol. 69(7), pages 4331-4352, July.
- Haque, Sharjil & Varghese, Richard, 2023. "Firms’ rollover risk, capital structure and unequal exposure to aggregate shocks," Journal of Corporate Finance, Elsevier, vol. 80(C).
- Duan, Yuejiao & Liu, Lanbiao & Zhang, Jingjia, 2024. "The belt and road initiative and the over-leverage of securities companies," Pacific-Basin Finance Journal, Elsevier, vol. 85(C).
- Nouf Alabdulkarim & Lakshmi Kalyanaraman & Hanan Alhussayen, 2024. "The impact of firm size on the relationship between leverage and firm performance: evidence from Saudi Arabia," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-12, December.
- Suresh Sundaresan & Zhenyu Wang, 2023. "Strategic Bank Liability Structure Under Capital Requirements," Management Science, INFORMS, vol. 69(10), pages 6349-6368, October.
- Zhou, Yimin & Wei, Xu, 2023. "Bond liquidity, debt maturity and bond risk premium," Finance Research Letters, Elsevier, vol. 54(C).
- Wang, Chih-Wei & Chiu, Wan-Chien, 2019. "Effect of short-term debt on default risk: Evidence from Pacific Basin countries," Pacific-Basin Finance Journal, Elsevier, vol. 57(C).
- Gan, Liu & Lv, Wujun & Chen, Yifei, 2021. "Capital structure adjustment speed over the business cycle," Finance Research Letters, Elsevier, vol. 39(C).
- Peter M. Demarzo & Zhiguo He, 2021.
"Leverage Dynamics without Commitment,"
Journal of Finance, American Finance Association, vol. 76(3), pages 1195-1250, June.
- Peter DeMarzo & Zhiguo He, 2016. "Leverage Dynamics without Commitment," NBER Working Papers 22799, National Bureau of Economic Research, Inc.
- Bednarek, Peter & Franke, Günter, 2024. "Dynamics of probabilities of default," Discussion Papers 32/2024, Deutsche Bundesbank.
- Haotian Xiang, 2024. "Time Inconsistency and Financial Covenants," Management Science, INFORMS, vol. 70(1), pages 355-371, January.
- Bai, Caiquan & Feng, Chen & Mu, Congming & Zhao, Siqi, 2025. "Entrepreneurship and leverage dynamics without commitment," Journal of Economic Dynamics and Control, Elsevier, vol. 171(C).
- Ali Gungoraydinoglu & Özde Öztekin, 2021. "Financial Leverage and Debt Maturity Targeting: International Evidence," JRFM, MDPI, vol. 14(9), pages 1-36, September.
- Hussain Rana Yassir & Xuezhou Wen & Hussain Haroon & Ahmad Ilyas & Irshad Hira & Malik Muhammad Yasir Hayat, 2024. "Firm Attributes and Government External Debt as Determinants of Corporate Short Debt Maturity in a Post-CPEC Scenario," Zagreb International Review of Economics and Business, Sciendo, vol. 27(1), pages 137-154.
- Sophie Shive & Margaret Forster, 2025. "Sponsor Reputation and Capital Structure Dynamics in Leveraged Buyouts," Management Science, INFORMS, vol. 71(7), pages 5849-5874, July.
- Li, Yuan & Wong, Tak-Yuen & Zhao, Siqi, 2025. "Present bias: Understanding zero leverage policy and unstable capital structure," Journal of Mathematical Economics, Elsevier, vol. 119(C).
- Nils Friewald & Florian Nagler & Christian Wagner, 2022. "Debt Refinancing and Equity Returns," Journal of Finance, American Finance Association, vol. 77(4), pages 2287-2329, August.
- Chaderina, Maria & Weiss, Patrick & Zechner, Josef, 2022.
"The maturity premium,"
Journal of Financial Economics, Elsevier, vol. 144(2), pages 670-694.
- Zechner, Josef & Chaderina, Maria & Weiss, Patrick, 2020. "The Maturity Premium," CEPR Discussion Papers 14570, Centre for Economic Policy Research.
- Chen, Hui & Xu, Yu & Yang, Jun, 2021. "Systematic risk, debt maturity, and the term structure of credit spreads," Journal of Financial Economics, Elsevier, vol. 139(3), pages 770-799.
- Sapp, Stephen, 2024. "Maturity diversification: The use of foreign and domestic bonds," Finance Research Letters, Elsevier, vol. 70(C).
- Zhao, Ningru & Liu, Lanlan & Chen, Youyang & Yu, Xiaoyu, 2025. "Can corporate digitalization deter leverage manipulation? Evidence from China," Finance Research Letters, Elsevier, vol. 84(C).
- Hong Chen & Murray Zed Frank, 2022. "Equilibrium Defaultable Corporate Debt and Investment," Papers 2202.05885, arXiv.org.
- Qian, Zhenjie & Xi, Dan & Xu, Jia & Zhou, Lingrui, 2026. "Deleveraging driven by profitability improvement: Evidence from China’s business tax to value-added tax transition," Journal of Empirical Finance, Elsevier, vol. 85(C).
- Jermann, Urban & Xiang, Haotian, 2025. "Rules versus discretion in capital regulation," Journal of Financial Economics, Elsevier, vol. 169(C).
- Joachim Jungherr & Immo Schott, 2021.
"Optimal Debt Maturity and Firm Investment,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 42, pages 110-132, October.
- Immo Schott & Joachim Jungherr, 2016. "Optimal Debt Maturity and Firm Investment," Working Papers 943, Barcelona School of Economics.
- Joachim Jungherr & Immo Schott, 2020. "Code and data files for "Optimal Debt Maturity and Firm Investment"," Computer Codes 18-411, Review of Economic Dynamics.
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