Interaction impact of cash flow volatility and fixed assets on debt maturity structure in MENA and African countries

• Published in: Cogent business & management Vol. 11; no. 1
• Main Authors: Naser, Abdulrahman, Matemilola, Bolaji Tunde, Bany-Ariffin, A. N.
• Format: Journal Article
• Language: English
• Published: Taylor & Francis Group 31.12.2024
• Subjects: cash flow risk; Debt structure; developing countries; panel data; pecking-order theory; system-GMM

AbstractThe empirical literature on the association of cash flow volatility and debt maturity structure is limited and inconclusive. This article investigates the impact of cash flow volatility on debt maturity structure, and the interaction effect of cash flow volatility and fixed assets on debt ma...