ASSET MATURITY MATURITIES AND DEBT MATURITY STRUCTURES FOR FIRMS LISTED ON VIETNAMESE STOCK EXCHANGE

Abstract

This paper examines the influence of asset maturity structure on debt maturity structure for firms listed in Vietnam. We employ the System Generalized method of moments (System-GMM) estimator with an unbalanced panel data set of stocks listed on both Hochiminh and Hanoi stock exchanges from 2006 to 2020. We document the positive impact of asset maturity structure on debt maturity structure. Our findings are robust to the alternative econometric method and the alternative specification. Our result supports the economic relevance of the matching theory.