{"title":"Reputation resources and debt maturity structure: Evidence from Chinese university-based listed companies","authors":"","doi":"10.1016/j.iref.2024.103547","DOIUrl":null,"url":null,"abstract":"<div><p>This study focuses on the relationship between reputation resources and debt maturity structure and finds that enhancing reputation resources can optimize debt maturity structure, in which corporate credit ratings play a mediating role; moreover, there are differences in the impact of reputation resources on debt maturity structure for firms of different natures, in which the impact is more significant for non-state-owned firms. The findings of this study remain valid after the robustness and endogeneity tests.</p></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":null,"pages":null},"PeriodicalIF":4.8000,"publicationDate":"2024-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Review of Economics & Finance","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1059056024005392","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
This study focuses on the relationship between reputation resources and debt maturity structure and finds that enhancing reputation resources can optimize debt maturity structure, in which corporate credit ratings play a mediating role; moreover, there are differences in the impact of reputation resources on debt maturity structure for firms of different natures, in which the impact is more significant for non-state-owned firms. The findings of this study remain valid after the robustness and endogeneity tests.
期刊介绍:
The International Review of Economics & Finance (IREF) is a scholarly journal devoted to the publication of high quality theoretical and empirical articles in all areas of international economics, macroeconomics and financial economics. Contributions that facilitate the communications between the real and the financial sectors of the economy are of particular interest.