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Estructura de vencimiento de la deuda y riesgo de crédito en las empresas españolas.
- Source :
-
Universia Business Review . 2009, Issue 22, p88-101. 14p. 1 Color Photograph, 4 Charts, 1 Graph. - Publication Year :
- 2009
-
Abstract
- This paper analyzes the relation between debt maturity structure and default risk. We use data on over 47,189 non-financial Spanish firms during the period 1995-2006. The results show that firms rated as low risk have more long-term debt. However, maturity is a non-monotonic function of risk ratings, with low risk firms and high risk firms having short-term debt and intermediate risk firms having long-term debt. [ABSTRACT FROM AUTHOR]
Details
- Language :
- Spanish
- ISSN :
- 16985117
- Issue :
- 22
- Database :
- Academic Search Index
- Journal :
- Universia Business Review
- Publication Type :
- Academic Journal
- Accession number :
- 41024524