Corporate debt maturity and future firm performance volatility
We propose a simple idea that corporate debt maturity should serve as a good indicator of future firm performance volatility. We show in a simple two-period model that the riskiness of corporate investment is a decreasing function of corporate debt maturity. If “observable” corporate debt maturity a...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2018
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| Subjects: | |
| Online Access: | http://eprints.sunway.edu.my/940/1/Chaiporn%20Corporate%20Debt%20Maturity.pdf http://eprints.sunway.edu.my/940/ |
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| Institution: | Sunway University |
| Language: | English |