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http://dx.doi.org/10.5394/KINPR.2013.37.2.181

Empirical Study on the Determinants of Debt Maturity Structure in the Korean Shipping Industry  

Lee, Sung-Yhun (Division of Shipping Management, Korea Maritime University)
Publication Information
Journal of Navigation and Port Research / v.37, no.2, 2013 , pp. 181-186 More about this Journal
Abstract
In a corporate financing, the decision of optimal capital structure is becoming more critical issues and still remaining a problem to be solved though many of researcher have studied. Particularly, shipping companies need a huge amount of capital finance for new vessel's capacity and then they are considering what is the best capital structure. In this point of view, this study tries to investigate the determinants of debit maturity structure focused on the Korean shipping industry. As results of panel regression analysis, firm size, liquidity, chance of growth, good cash flow are major determinants of debit expiration structure in the Korean shipping companies.
Keywords
Korean shipping companies; financial structure; debt expiration structure; firm value;
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