We examine the empirical determinants of debt maturity structure using a maturity structure
measure that incorporates detailed information about all of a firm's liabilities. We find that …

We document the determinants of the term to maturity of 7,369 bonds and notes issued
between 1982 and 1993. Our main finding is that large firms with investment grade credit …

The theory of market signaling and screening is a cornerstone of the new economics of
information. The last two and a half decades have not only witnessed a series of remarkable …

This paper evaluates the signaling theory in corporate finance. Signaling theory suggests
that managers (agents) or the firms have qualitatively better information than do outsiders …

In the process of lending to a firm, a bank acquires proprietary firm-specific information that
is unavailable to nonlenders. This asymmetric evolution of information between lenders and …

We test the implications of Flannery's (1986) and Diamond's (1991) models concerning the
effects of risk and asymmetric information in determining debt maturity, and we examine the …

In this paper, we examine the corporate governance role of banks by investigating the effect
of bank monitoring on the borrowers' earnings management behavior. Our analyses suggest …

This paper provides an empirical investigation of the maturity structure of corporate debt. A
dynamic model is estimated by GMM estimation procedure using data for an unbalanced …

This paper investigates the empirical determinants of corporate debt maturity structure. This
is done by testing several leading theoretical models of debt maturity structure using a cross …

Finance, ownership and control issues have received a great deal of attention in recent
years as centres of interest in the 'new institutional economics'. Much of the debate has been …