CEO Inside Debt and the Maturity Structure of Corporate Debt

• In Event: Financial Accounting and Reporting 6

Abstract

We document that CEO inside debt plays an important role in determining corporate debt maturity. Controlling for previously identified determinants of debt maturity, we find a significant and robust inverse relation between CEO inside debt and corporate debt maturity. These findings have important implications for academics and practitioners in their understanding of the role played in financial decisions by CEO inside debt.

Authors

• Fang Sun, Hunter College

• Chunwei Xian, Northeastern Illinois University

• Xiangjing Wei, Wilson College