The Debt Maturity Choice: A Multinominal Logit Analysis

This paper presents an empirical investigation of the determinants of firms' debt maturity choices. Testable hypotheses about the determinants are identified and discussed. A multinomial logit model to test the hypotheses is developed and estimated on· a sample of bonds offered by industrial corporations from 1982 to ,1986.


Issue Date:
Sep 01 1988
Publication Type:
Working or Discussion Paper
Language:
English
Total Pages:
49




 Record created 2017-07-12, last modified 2017-08-29

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