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  • bank debt  (1)
  • self-selection bias  (1)
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  • 1
    Electronic Resource
    Electronic Resource
    Springer
    Review of quantitative finance and accounting 12 (1999), S. 341-350 
    ISSN: 1573-7179
    Keywords: maturity ; bank debt ; contract-cost hypothesis ; tax hypothesis ; signaling hypothesis
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This study presents important international evidence by examining the determinants of debt maturity of listed firms in Singapore, a major financial center in Asia. We focus on bank debt because it is the principal source of financing for most Singapore firms. We find that consistent with the contracting-cost hypothesis, firms with greater growth opportunities rely more heavily on short-term bank debt whereas larger firms are more likely to use long-term bank debt. In contrast, we find no strong support for either the tax or signaling hypotheses.
    Type of Medium: Electronic Resource
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  • 2
    Electronic Resource
    Electronic Resource
    Springer
    Review of quantitative finance and accounting 5 (1995), S. 5-25 
    ISSN: 1573-7179
    Keywords: self-selection bias ; management earnings forecasts ; stock price reaction ; zero/one dummy variable approach
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This study examines the inferential bias due to the failure to control for self-selection when studying the market's reaction to management earnings forecasts. The analysis is conducted by controlling for self-selection and comparing the results to those obtained when self-selection is not controlled. This comparison suggests that the overall inference of a market reaction to the management forecast issuance does not change. However, the statistical significance declines when self-selection is considered. Since the issuance of a management forecast is an obvious self-selection, the results of this study suggest that self-selection should be considered and evaluated in quasi-experimental studies in accounting and finance.
    Type of Medium: Electronic Resource
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