Corporate debt maturities and capital structure

BVWireIssue #181-2
October 11, 2017

A paper, “Corporate Debt Maturity Profiles,” presents a framework to show that is an important dimension of a firm’s overall capital structure. There is a lack of evidence about this aspect of capital structure, but financial managers often suggest that avoiding so-called “maturity towers” (i.e., spreading debt maturity dates over time) is a key factor when firms choose debt maturities. The paper’s authors are Jaewon Choi (University of Illinois), Dirk Hackbarth (Boston University), and Josef Zechner (Vienna University of Economics and Business).

Please let us know if you have any comments about this article or enhancements you would like to see.