haku: @author Niskanen, J. / yhteensä: 8
viite: 3 / 8
| Tekijä: | Niskanen, J. Niskanen, M. |
| Otsikko: | The effect of bank ownership on loan maturity |
| Lehti: | Liiketaloudellinen aikakauskirja
2001 : VOL. 50:1, p. 116-127 |
| Asiasana: | Banks Company ownership Loans |
| Kieli: | eng |
| Tiivistelmä: | This paper empirically tests the determinants of corporate debt maturity suggested in the framework of the contracting costs hypothesis. Using data on new debt issues of Finnish listed firms, we concentrate on examining the effect of bank ownership on the determinants of maturity structure. We hypothesize that significant bank ownership mitigates the contracting problem, and thus firms with many growth opportunities are also able to use long-term debt. Furthermore, we expect that bank-owned firms are better able to match their asset and liability maturities. |
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