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dc.contributor.authorKhoo, Joye
dc.contributor.authorCheung, Adrian
dc.date.accessioned2019-12-12T01:20:32Z
dc.date.available2019-12-12T01:20:32Z
dc.date.issued2019
dc.identifier.citationKhoo, S. and Cheung, A. 2019. Does geopolitical uncertainty affect leverage and debt maturity?: evidence from MIDAS regression. In: the 31st Asian Finance Association Annual Meeting, 7th Jul 2019, Ho Chi Minh City, Vietnam..
dc.identifier.urihttp://hdl.handle.net/20.500.11937/77318
dc.description.abstract

We argue that geopolitical uncertainty affects market leverage and debt maturity and develop three hypotheses for this purpose. Using a mixed frequency dataset that consists of a new monthly index of geopolitical uncertainty and annual data of market leverage and debt maturity structure, we employ Mixed Data Sampling (MIDAS) regression and find evidence consistent with our argument. In particular, the immediate impact of geopolitical uncertainty on market leverage is negative but its overall impact is positive. In addition, firms tend to shorten their debt maturity structure in the presence of geopolitical uncertainty.

dc.titleDoes geopolitical uncertainty affect leverage and debt maturity?: evidence from MIDAS regression
dc.typeConference Paper
dcterms.source.conference31st Asian Finance Association Annual Meeting
dcterms.source.conference-start-date7 Jul 2019
dcterms.source.conferencelocationHo Chi Minh
dc.date.updated2019-12-12T01:20:32Z
curtin.departmentSchool of Economics, Finance and Property
curtin.accessStatusFulltext not available
curtin.facultyFaculty of Business and Law
curtin.contributor.orcidKhoo, Joye [0000-0001-9765-7364]
dcterms.source.conference-end-date9 Jul 2019
curtin.contributor.scopusauthoridKhoo, Joye [56682654600]


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