Alternative measure of debt maturity
| Variable | DM_new |
|---|---|
| Open | 0.0572*** |
| (2.76) | |
| Size | 0.0748*** |
| (5.92) | |
| ROA | −0.1553 |
| (−1.60) | |
| Growth | −0.0013 |
| (−0.22) | |
| Lev | 0.0620 |
| (1.21) | |
| AM | 0.0739 |
| (1.45) | |
| CFO | 0.0425 |
| (0.65) | |
| Top1 | 0.0009 |
| (1.37) | |
| Dual | −0.0052 |
| (−0.41) | |
| QFII | −0.5978 |
| (−0.80) | |
| Constant | −2.0204*** |
| (−7.34) | |
| Firm FE | Control |
| Year FE | Control |
| R2 | 0.1053 |
| N | 10,351 |
| Variable | DM_new |
|---|---|
| Open | 0.0572*** |
| (2.76) | |
| Size | 0.0748*** |
| (5.92) | |
| ROA | −0.1553 |
| (−1.60) | |
| Growth | −0.0013 |
| (−0.22) | |
| Lev | 0.0620 |
| (1.21) | |
| AM | 0.0739 |
| (1.45) | |
| CFO | 0.0425 |
| (0.65) | |
| Top1 | 0.0009 |
| (1.37) | |
| Dual | −0.0052 |
| (−0.41) | |
| QFII | −0.5978 |
| (−0.80) | |
| Constant | −2.0204*** |
| (−7.34) | |
| Firm FE | Control |
| Year FE | Control |
| 0.1053 | |
| 10,351 |
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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