Adjustment to target debt maturity and equity mispricing: evidence from Asia Pacific

• Main Authors: Kamarudin, Fakarudin, H. I., Hussain, A. R. A., Hadi, A., Mohamed Isa, M. A., Salem, N. H., Jabarullah
• Format: Article
• Language: English
• Published: Czestochowa University of Technology 2018
• Online Access: http://psasir.upm.edu.my/id/eprint/73045/1/DEBT.pdf; http://psasir.upm.edu.my/id/eprint/73045/; https://pjms.zim.pcz.pl/resources/html/article/details?id=174950

This paper examines firms’ target adjustment behavior for debt maturity structure for selected countries from the Asia Pacific region. The literature documents that managers’ structure debt issues in line with a target maturity structure which is limited by transactions costs, information asymmetry...