scholarly journals Endogenous Debt Maturity and Rollover Risk

2016 ◽  
Vol 2016 (074) ◽  
Author(s):  
Emanuele Brancati ◽  
◽  
Marco Macchiavelli ◽  
Keyword(s):  
Debt Maturity ◽  
Rollover Risk

Debt Maturity Structure and Credit Quality

2014 ◽  
Vol 49 (4) ◽  
pp. 817-842 ◽  
Author(s):  
Radhakrishnan Gopalan ◽  
Fenghua Song ◽  
Vijay Yerramilli
Keyword(s):  
Bond Market ◽  
Debt Maturity ◽  
Yield Spreads ◽  
Credit Quality ◽  
Debt Maturity Structure ◽  
Rollover Risk ◽  
Maturity Structure

AbstractWe 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.

scholarly journals Endogenous Debt Maturity and Rollover Risk

2016 ◽  
Author(s):  
Emanuele Brancati ◽  
Marco Macchiavelli
Keyword(s):  
Debt Maturity ◽  
Rollover Risk

scholarly journals Endogenous debt maturity and rollover risk

2018 ◽  
Vol 49 (1) ◽  
pp. 69-90 ◽  
Author(s):  
Emanuele Brancati ◽  
Marco Macchiavelli
Keyword(s):  
Debt Maturity ◽  
Rollover Risk

Dynamic Debt Maturity

2015 ◽  
Author(s):  
Zhiguo He ◽  
Konstantin Milbradt
Keyword(s):  
Debt Maturity
Sign in / Sign up

Export Citation Format

Share Document