List of Articles Debt Maturity Structure

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  1 - The effect of CEO narcissism on debt maturity structure
  Mahmood Hasanzade Kuchou
  Purpose: The results of previous research have shown that the use of short-term debts can ultimately cause unfavorable financial performance of the company in the long term. Behavioral finance theories also state that in the decision-making of managers and investors, in More

  Purpose: The results of previous research have shown that the use of short-term debts can ultimately cause unfavorable financial performance of the company in the long term. Behavioral finance theories also state that in the decision-making of managers and investors, in addition to information, a series of viewpoints and psychological factors also influence their decisions. The purpose of this research is to investigate the effect of CEO narcissism on the maturity structure of debts. Methodology: Using the data of 85 companies listed in the Tehran Stock Exchange, in the period of 2018 to 2022, the hypotheses were tested using multiple regression. Findings After statistical analysis, the results of the research hypotheses indicate that CEO narcissism has a positive and significant effect on the maturity structure of debts. In this research, two indicators of managers' bonus ratio and the size of CEO signatures were used to measure CEO narcissism. Originality: The results of research hypotheses indicate that CEO narcissism has a positive and significant effect on debt maturity structure. This means that with the increase of narcissism of managers, the use of short-term debt increases. Narcissistic managers try to match the asset structure and the debt maturity structure in order to pay the debts. Hence, in the period under their management, the maturity period of the debt structure is reduced when the company can increase its profits. Manuscript profile
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  2 - The Investigation of the Board Characteristics' Effect on Firm Debt Maturity Structure
  زهره حاجیها حسنعلی اخلاقی
  In this study, the effect of board characteristics as corporate governancedeterminants on the firm debt maturity structure has been investigated. Therefore, themain objective of this paper is to review the effect of board size, percentage of nonexecutive directors in th More

  In this study, the effect of board characteristics as corporate governancedeterminants on the firm debt maturity structure has been investigated. Therefore, themain objective of this paper is to review the effect of board size, percentage of nonexecutive directors in the board and CEO/Chair duality as independent variables on debtmaturity structure as a dependent variable in Tehran Stock Exchange. To achieve theobjective, 8 year information (2002-2009) of 72 firms were analyzed. To hypothesestesting, we have employed multivariate regression with panel data.The research results imply that there is a positive significant relation between boardsize and debt maturity structure. There is also a negative significant relation betweenpercentage of non executive directors and debt maturity structure. Additionally, it wasnot found any relation between CEO/Chair duality and debt maturity structure. Researchfindings represent the effect of strong board on financing decisions. Furthermore,hypnoses testing among different industries indicate that about relation of the board sizeand debt maturity structure in Drug and Automobile industries there are significantpositive relations and in Cement industry there exists a negative relation. In Cementand Food Industries, percentage of non executive directors in the board has a significantnegative relation. The relation between CEO/Chair duality and debt maturity structure isalso negative in the level of Chemical, Drug and Food. Manuscript profile
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  3 - The Study of financial reporting quality ،debt maturity, and investment efficiency in Listed Firms at Tehran Stock Exchange (TSE)
  Ahmad Ghodarzi Hani Babazadeh Shirvan
  This study examines the relationship between financial reporting quality and debt maturity of investment efficiency in listed companies in Tehran Stock Exchange. The population of this study Consist of 99 companies listed in Tehran Stock Exchange which examined in the p More

  This study examines the relationship between financial reporting quality and debt maturity of investment efficiency in listed companies in Tehran Stock Exchange. The population of this study Consist of 99 companies listed in Tehran Stock Exchange which examined in the period 1385 to 1392.Two indicators used in order to measure the investment performance asnoncurent assets and changes in long -term investments, and for quality of financial reporting indicator, quality of working capital accruals are used as a substitute. For debt maturity structure, Long-term debt to total debt ratio is considered as representative of maturity structure. The results showed a significant correlation between the quality of financial statements and performance of investment, but in Tehran Stock Exchange between debt maturity and investment efficiency is inversely related. Manuscript profile
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  4 - The Effect Of Financial statement comparability on corporate debt maturity with emphasis on the role of Managers’ Overconfidence
  Hengameh veysizadeh Allah Karam Salehi
  10.30486/fbra.2021.1933854.1015
  Comparability is also one of the key quality features of accounting information that facilitates the comparison of financial statements, comparability in the capital market and debt is very important for investors and creditors; Because investment and lending decisions More

  Comparability is also one of the key quality features of accounting information that facilitates the comparison of financial statements, comparability in the capital market and debt is very important for investors and creditors; Because investment and lending decisions are based on evaluating alternative opportunities or projects, without this comparable information, no optimal decision can be made. Due to the importance of this issue, in this study, the effect of comparability of financial statements on debt maturity structure with emphasis on the role of managers' overconfidence in the Tehran Stock Exchange in the period 2014 to 2020 using the information of 144 companies using the generalized least squares and generalized moment procedure regression has been investigated. The research method is applied, descriptive and with deductive-inductive approach. To measure the comparability of financial statements, the model of De Franco et al. (2011) and following the research of Ahmed and Duellman (2013) to measure managers' overconfidence, over-investment has been used. The results using both methods show that the comparability of financial statements reduces the debt maturity structure and managers' overconfidence leads to an increase in the debt maturity structure. Managers' overconfidence also increases the negative relationship between the comparability of financial statements and debt maturity structure and increases its severity. Manuscript profile
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  5 - Debt Maturity Structure and Accounting Conservatism with Emphasis on the Role of Agency Costs
  mohammadsadegh farshchi Younes Badavar Nahandi
  This study examines the relationship between debt maturity structure and accounting conservatism with emphasis on the role of agency costs. The sample used in our research includes 83 firms listed on the Tehran stock exchange during the period   2008-2015. The More

  This study examines the relationship between debt maturity structure and accounting conservatism with emphasis on the role of agency costs. The sample used in our research includes 83 firms listed on the Tehran stock exchange during the period   2008-2015. The results of this study show that there is a positive and significant relationship between debt maturity structure with conditional conservatism and unconditional conservatism. Also, the results show that agency costs have a negative and significant impact on relationship between debt maturity structure and conditional conservatism but no impact on relationship between debt maturity structure and unconditional conservatism Manuscript profile
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  6 - Qualified Audit Opinion and Debt Maturity Structure
  Nezam-Oddin Rahimian Esmail Tavakolnia Meisam Karamlou
  If a qualified audit opinion(QAO) leads lenders to suspect that the financial statement are less reliable predictors of future financial positions of the borrower, it is possible that lenders will reduce the size of the loan and shorten the maturity of the loan. The mai More

  If a qualified audit opinion(QAO) leads lenders to suspect that the financial statement are less reliable predictors of future financial positions of the borrower, it is possible that lenders will reduce the size of the loan and shorten the maturity of the loan. The main purpose of this study is investigating the impact of qualified audit opinions on the debt maturity structure in the companies listed in the Tehran Stock Exchange. The sample of this study includes 102 companies listed in the Tehran Stock Exchange during the period 1385-1390and for processing and testing hypotheses, linear regression method is used. The study results showed that QAO has not significant impact on debt maturity in companies listed in Tehran Stock Exchange.  Manuscript profile