Debt Maturity Structure and Credit Quality | Pusat Sumber Belajar FEB UI

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Debt Maturity Structure and Credit Quality

Gopalan, Radhakrishnan - ; Song, Fenghua - ; Yerramilli, Vijay - ;

We examine whether a firm?s debt maturity structure affects its credit quality. Consistent with theory, we find that firms with greater exposure to rollover risk (measured by the amount of long-term debt payable within a year relative to assets) have lower credit quality; long-term bonds issued by those firms trade at higher yield spreads, indicating that bond market investors are cognizant of rollover risk arising from a firm?s debt maturity structure. These effects are stronger among firms with a speculative-grade rating and declining profitability, and during recessions..Printed Journal

Ketersediaan

Call Number	Location	Available
JFQA4904	PSB lt.dasar - Pascasarjana	1

Informasi Detail

Judul Seri: -
No. Panggil: JFQA4904
Penerbit: Cambridge : Cambridge University Press.,
Deskripsi Fisik: -
Bahasa
ISBN/ISSN: 221090
Klasifikasi: -
Tipe Isi: -
Tipe Media: -
Tipe Pembawa: -
Edisi: -
Subjek: Credit quality
Debt maturity structure
firms
Info Detail Spesifik: -
Pernyataan Tanggungjawab: pa

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