The Debt Maturity Structure of Nigerian Quoted Firms

Paseda, Oluseun and Olowe, Rufus (2018): The Debt Maturity Structure of Nigerian Quoted Firms. Published in: Lagos Journal of Banking, Finance and Economic Issues , Vol. 4, No. 1 (30 June 2018): pp. 51-96.

Abstract

Perhaps the most familiar idea underlying debt maturity choice is the maturity-matching hypothesis wherein liabilities' maturities correlate with assets' maturities. However, the maturity-matching hypothesis does not provide a comprehensive explanation for many empirical patterns of firm behaviour. This study investigates the determinants of debt maturity choice using a panel of 50 Nigerian quoted firms between 1999 and 2014.

• Item Type: MPRA Paper
• Language: English
• Keywords: Debt maturity; contracting cost hypotheses; signalling hypotheses; tax hypotheses; liquidity risk hypotheses
• Subjects: F - International Economics > F6 - Economic Impacts of Globalization > F65 - Finance; G - Financial Economics > G0 - General > G02 - Behavioral Finance: Underlying Principles; G - Financial Economics > G3 - Corporate Finance and Governance; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and Governance

References

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Paseda, O. A. (2016), The Determinants of Capital Structure of Nigerian Quoted Firms. Ph.D. Thesis, Department of Finance, University of Lagos, Nigeria.