Table 11

Alternative measure of debt maturity

VariableDM_new
Open0.0572***
(2.76)
Size0.0748***
(5.92)
ROA−0.1553
(−1.60)
Growth−0.0013
(−0.22)
Lev0.0620
(1.21)
AM0.0739
(1.45)
CFO0.0425
(0.65)
Top10.0009
(1.37)
Dual−0.0052
(−0.41)
QFII−0.5978
(−0.80)
Constant−2.0204***
(−7.34)
Firm FEControl
Year FEControl
R20.1053
N10,351

Note(s): This table presents the regression results of the alternative measurement of debt maturity. Variable definitions are available in  Appendix 2. T-values are reported in parentheses. ***, ** and * denote statistical significance at the 1, 5 and 10% levels, respectively

Source(s): Table by authors

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