Determinants of debt maturity structure: Evidence in Vietnam

Artikel

This paper examines the determinants of debt maturity structure in listed small and medium enterprises in Vietnam from 2010 to 2019. Agency cost theory, signaling theory, tax-based theory, and matching theory are discussed as platform theories for determining the factors affecting corporate debt maturity structure. Based on those theories and previous research studies, combined with the two-step generalized method of moments regression model, the impact of lagged debt maturity structure, leverage ratio, profitability, firm size, growth opportunities, gross domestic product, and inflation has been demonstrated to be statistically significant at 5%. The contribution of this paper is to define the debt maturity structure of enterprises as dynamic, and the debt maturity structure is adjusted to the optimal structure at the speed of 46%.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Cogent Business & Management ; ISSN: 2331-1975 ; Volume: 9 ; Year: 2022 ; Issue: 1 ; Pages: 1-27

Classification and Topics

• Classification: Management ; Firm Performance: Size, Diversification, and Scope ; Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill ; Intertemporal Firm Choice: Investment, Capacity, and Financing
• Subject: generalised method of moments ; agency cost theory ; Debt maturity structure ; matching theory ; signaling theory ; tax-based theory

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Nguyen, Kim Quoc Trung
• Event: Veröffentlichung
• (who): Taylor & Francis
• (where): Abingdon
• (when): 2022

Further information

• DOI: doi:10.1080/23311975.2022.2094588
• Last update: 10.03.2025, 11:46 AM CET