DETERMINANTS OF CORPORATE DEBT MATURITY IN ASIA PACIFIC

Limtiono, Vina Veriana and Marciano, Deddy and Bartle, James (2014) DETERMINANTS OF CORPORATE DEBT MATURITY IN ASIA PACIFIC. In: The 11th International Annual Symposium on Management, 15-16 Maret 2014, Malang, Jawa Timur.

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Abstract

This study is aimed to analyze factors that determine debt maturity. Since the asymmetric information level in Asia Pacific is higher compare to U.S. and Europe, the debt maturity decision become riskier. This study is using 13 different regression model, all sample, listed and crisis, listed and non crisis, non listed and crisis, non listed and non crisis, listed with performance and crisis, listed with performance and non crisis, listed high leverage, listed high leverage and crisis, listed high leverage and non crisis, listed low leverage, listed low leverage and crisis, listed low leverage and non crisis. This paper investigates the determinants of debt maturity for all loan sample in Asia Pacific during 2006-2010, using ordinary least square method to support the results. Based on the research, lenders are proven unable to differentiate between good quality borrowers and bad quality borrowers. Thus, in terms of debt maturity policy, the risk is higher for lenders compare to borrowers.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: asymmetric information, maturity, pecking order
Subjects: H Social Sciences > HG Finance
Divisions: Faculty of Business and Economic > Department of Management
Depositing User: Deddy Marciano 3372
Date Deposited: 12 Feb 2018 02:44
Last Modified: 21 Feb 2018 07:42
URI: http://repository.ubaya.ac.id/id/eprint/31663

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