Meyer, Renate, Jancsary, Dennis, Höllerer, Markus, Boxenbaum, Eva. 2018. The role of verbal and visual text in the process of institutionalization. Academy of Management Review. 43 (3), 1-27.
BibTeX
Abstract
We study a novel aspect of a firm's capital structure, namely the profile of its debt maturity dates. In a simple theoretical framework we show that the dispersion of debt maturities constitutes an important dimension of capital structure choice, driven by firm characteristics and debt rollover risk. Guided by these predictions we establish two main empirical results. First, using an exogenous shock to rollover risk, we document a significant increase in maturity dispersion for firms that need to roll over maturing debt. Second, we find strong support that maturities of newly issued debt are influenced by pre-existing maturity profiles.
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Status of publication | Published |
---|---|
Affiliation | WU |
Type of publication | Journal article |
Journal | Academy of Management Review |
Citation Index | SSCI |
WU Journalrating 2009 | A+ |
Starjournal | Y |
Language | English |
Title | The role of verbal and visual text in the process of institutionalization |
Volume | 43 |
Number | 3 |
Year | 2018 |
Page from | 1 |
Page to | 27 |
Reviewed? | Y |
DOI | http://dx.doi.org/10.5465/amr.2014.0301 |
Open Access | N |
Associations
- Projects
- The visual dimension in organizing, organization, and organization research
- The Impact of Material Artifacts and Visual Representations on the Institutionalization of Innovations
- People
- Meyer, Renate (Details)
- Jancsary, Dennis (Details)
- Höllerer, Markus (Details)
- External
- Boxenbaum, Eva (Mines ParisTech, France)
- Organization
- Urban Management and Governance (Meyer) (Details)
- Institute for Public Management and Governance IN (Details)
- Institute for Organization Studies IN (Details)
- Research areas (ÖSTAT Classification 'Statistik Austria')
- 5307 Business and management economics (Details)
- 5324 Organizational research (Details)