Publication at Faculty of Social Sciences |
2007
Abstract
This paper investigates the determinants of the maturity structure of Czech corporate debt. A theoretical section provides an overview of contemporary theories on corporate debt maturity structure.
An empirical section describes an econometric model that shows that long-term debt increases with company size and leverage and asset maturity. The impact of growth options, collateralizable assets, corporate-tax rate, and company-level volatility proves statistically insignificant.
Finally, the paper discusses the limitations of the results in terms of data, variables, and determinants.