Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5089730 | Journal of Banking & Finance | 2012 | 21 Pages |
Abstract
⺠We examine the influence of national culture on corporate debt maturity choice. ⺠Culture could influence the debt maturity choice by shaping contracting environment. ⺠Firms in countries with high uncertainty avoidance tend to use more short-term debt. ⺠Firms in countries with high collectivism also tend to use more short-term debt.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Xiaolan Zheng, Sadok El Ghoul, Omrane Guedhami, Chuck C.Y. Kwok,