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Cited by 769

The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.

The Determinants of the Maturity of Corporate Debt Issues

GUEDES, JOSE, OPLER, TIM·1996·The Journal of Finance
DOI 10.1111/j.1540-6261.1996.tb05227.x
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Abstract

We document the determinants of the term to maturity of 7,369 bonds and notes issued between 1982 and 1993. Our main finding is that large firms with investment grade credit ratings typically borrow at the short end and at the long end and of the maturity spectrum, while firms with speculative grade credit ratings typically borrow in the middle of the maturity spectrum. This pattern is consistent with the theory that risky firms do not issue short‐term debt in order to avoid inefficient liquidation, but are screened out of the long‐term debt market because of the prospect of risky asset substitution.

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Crossref · 10.1111/j.1540-6261.1996.tb05227.x

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Metadata

Authors
GUEDES, J., & OPLER, T.
Venue
The Journal of Finance
Publisher
Wiley
Published
1996-12
Volume
51
Issue
5
Pages
1809-1833
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.1996.tb05227.x
OpenAlex
W2099724718
Cited by
769
References
4
FWCI
37.31
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: The Determinants of the Maturity of Corporate Debt Issues. https://app.cochat.ai/papers/10.1111/j.1540-6261.1996.tb05227.x
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GUEDES, J., & OPLER, T. (1996). The Determinants of the Maturity of Corporate Debt Issues. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.1996.tb05227.x

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.