2023
DOI: 10.3390/economies11080216
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Debt Maturity and Institutions: Does Creditor Protection Matter?

Abstract: This study aims to investigate the relationship between creditor protection and the debt maturity structure of corporations in the Gulf Cooperation Council (GCC) countries. The GCC countries enjoy large GDPs, growing capital markets, especially the Islamic bonds (Sukuk) market, and negligible tax environments. Nonetheless, the GCC countries’ financial systems are still dominated by banks, and their private investments are held by concentrated investors. The study utilizes firm-level financial data and country-… Show more

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Cited by 2 publications
(1 citation statement)
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“…As a result, creditors do not pay attention to the company's high-or low-debt condition. Higher debt composition does not result in increased risk from the creditor's perspective (Tayem, 2023). Creditors view real earnings management actions as the primary cause of concern, deeming them risky irrespective of the company's debt magnitude.…”
Section: Discussionmentioning
confidence: 99%
“…As a result, creditors do not pay attention to the company's high-or low-debt condition. Higher debt composition does not result in increased risk from the creditor's perspective (Tayem, 2023). Creditors view real earnings management actions as the primary cause of concern, deeming them risky irrespective of the company's debt magnitude.…”
Section: Discussionmentioning
confidence: 99%