DOIONLINE

DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-14391

Publish In
International Journal of Management and Applied Science (IJMAS)-IJMAS
Journal Home
Volume Issue
Issue
Volume-4,Issue-11  ( Nov, 2018 )
Paper Title
The Determinants of Corporate Debt Maturity Structure: Evidence from Listed Vietnamese Firms
Author Name
Tuan Nam Lai
Affilition
CHUNG YUAN CHRISTIAN UNIVERSITY
Pages
9-18
Abstract
The paper investigates the impact of asymmetric information gap and the conflict of interest between the government control and creditors in the debt maturity structure by Vietnamese listed firms. The paper applies a large sample of 1455 Vietnamese listed companies from 4 stock exchange markets: HoSE, HNX, OTC, UpCom during the period from 2007 to 2016. The result shows that state ownership is significantly positively associated with the debt maturity structure. I find significant evidence that debt maturity is shorter for industry risk and information asymmetry. My empirical analysis shows that firm size, liquidity and industry risk would like to explain the debt maturity mix. Keywords - State Control, Debt Maturity, Vietnam.
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