Credit Information Quality and Corporate Debt Maturity : Theory and Evidence

Credit Information Quality and Corporate Debt Maturity : Theory and Evidence

This paper provides new theoretical and empirical evidence suggesting that the quality of credit information may be a key element in explaining the maturity structure of corporate debt around the world. In markets with poor credit information and h...

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Bibliographic Details
Main Authors: Sorge, Marco, Zhang, Chendi
Format: Policy Research Working Paper
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ACCOUNTING
ACCOUNTING STANDARDS
AGENCY PROBLEMS
ARBITRAGE
ASSET LIQUIDITY
ASYMMETRIC INFORMATION
BANK ASSETS
BANK LENDING
BANK LOANS
BANKING CRISES
BANKING CRISIS
BANKING RELATIONSHIPS
BANKING SECTOR
BANKRUPTCY
BANKRUPTCY LAWS
BANKS
BORROWING
CAPITAL MARKETS
CAPITAL REQUIREMENTS
CAPITALIZATION
CORPORATE FINANCE
COVERAGE
CREDIT MARKETS
CREDIT RATINGS
CREDIT RATIONING
CREDIT RISK
DEBT
DEFAULT RISK
DEPOSITS
EMERGING MARKETS
EQUILIBRIUM
EXPECTED RETURNS
FINANCIAL CRISES
FINANCIAL INSTITUTIONS
GDP
GDP PER CAPITA
GROWTH POTENTIAL
GROWTH RATE
ILLIQUIDITY
IMPERFECT INFORMATION
INDUSTRIAL ECONOMIES
INFLATION
INFLATION RATE
INFORMATION ACQUISITION
INSTITUTIONAL ENVIRONMENT
INTEREST RATE
INTEREST RATES
LEGAL FRAMEWORK
LOAN MATURITY
MATURITIES
MICRO FACTORS
MORAL HAZARD
OPPORTUNITY SET
OVERHEAD COSTS
PERFECT COMPETITION
PERFECT INFORMATION
PREDICTIONS
PRICE INFLATION
PROBABILITY OF DEFAULT
PROFITABILITY
RELATIONSHIP BANKING
RETURN ON ASSETS
SECURITIES
SHAREHOLDERS
SMALL BUSINESS
T-BILLS
TERM FINANCE
TIME VALUE OF MONEY
TRANSACTION COSTS
TRANSPARENCY
TREASURY BILLS
VOLATILITY
Online Access:http://documents.worldbank.org/curated/en/2007/06/7695810/credit-information-quality-corporate-debt-maturity-theory-evidence
http://hdl.handle.net/10986/7395

Internet

http://documents.worldbank.org/curated/en/2007/06/7695810/credit-information-quality-corporate-debt-maturity-theory-evidence
http://hdl.handle.net/10986/7395

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