Corporate Debt Maturity Structure: The Role of Firm Level and Institutional Determinants in Selected African Countries

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dc.contributor.authorEtudaiye-Muhtar, Oyebola Fatima
dc.contributor.authorAhmad, Rubi
dc.contributor.authorMatemilola, Bolaji Tunde
dc.date.accessioned2023-02-06T07:57:46Z
dc.date.available2023-02-06T07:57:46Z
dc.date.issued2017
dc.description.abstractAn appropriate debt maturity structure is essential for firms to enable them align asset structure to liabilities to prevent a mismatch. This study investigates the role of firm-level and institutional variables on debt maturity structure in selected African countries. Using panel generalised method of moment that addresses endogeneity problem; our findings reveal a dynamic process of adjustment to optimal debt maturity structure. Furthermore, firm-level variables (leverage, asset structure and firm size) provide support for the contracting cost, signaling and matching principle theories of debt maturity structure. Results of institutional variables suggest that better developed institutions promote long-term debt maturity structures.en_US
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/20.500.12484/8458
dc.publisherTaylor and Francisen_US
dc.subjectDebt maturity structure; contracting cost; matching principle; rule of law; regulatory qualityen_US
dc.titleCorporate Debt Maturity Structure: The Role of Firm Level and Institutional Determinants in Selected African Countriesen_US
dc.typeArticleen_US

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