The Determinants of Corporate Debt Maturity Structure: Evidence from Listed Vietnamese Firms
The paper investigates the impact of asymmetric information gap and the conflict of interest between the
government control and creditors in the debt maturity structure by Vietnamese listed firms. The paper applies a large sample
of 1455 Vietnamese listed companies from 4 stock exchange markets: HoSE, HNX, OTC, UpCom during the period from
2007 to 2016. The result shows that state ownership is significantly positively associated with the debt maturity structure. I
find significant evidence that debt maturity is shorter for industry risk and information asymmetry. My empirical analysis
shows that firm size, liquidity and industry risk would like to explain the debt maturity mix.
Keywords - State Control, Debt Maturity, Vietnam.