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題名 Does Societal Trust Influence Corporate Debt Maturity? International Evidence
作者 楊曉文
Wang, Ying-Chieh;Feng, Zhi-Yuan;Lien, Yu-Te;Yang, Sharon. S.
貢獻者 金融系
關鍵詞 debt maturity; investor protection; societal culture; societal trust
日期 2026-01
上傳時間 7-May-2026 10:20:12 (UTC+8)
摘要 This article analyses data from 26 countries to examine the effects of societal trust levels on corporate debt maturity. Empirical evidence shows that companies operating in countries with higher societal trust exhibit longer debt maturities. The study also investigates the moderating role of investor protection on the relationship between societal trust and debt maturity, particularly focusing on the effectiveness of legal institutions, legal strength, and political stability. The results reveal that firms in countries with stronger investor protections experience a more pronounced positive impact of societal trust on debt maturity. Additionally, the study addresses potential endogeneity issues, firm fixed effects, and self-selection biases to ensure that the results are consistent and reliable.
關聯 International Finance, Vol.29, No.1, pp.186-204
資料類型 article
DOI https://doi.org/10.1111/infi.70021
dc.contributor 金融系
dc.creator (作者) 楊曉文
dc.creator (作者) Wang, Ying-Chieh;Feng, Zhi-Yuan;Lien, Yu-Te;Yang, Sharon. S.
dc.date (日期) 2026-01
dc.date.accessioned 7-May-2026 10:20:12 (UTC+8)-
dc.date.available 7-May-2026 10:20:12 (UTC+8)-
dc.date.issued (上傳時間) 7-May-2026 10:20:12 (UTC+8)-
dc.identifier.uri (URI) https://ah.lib.nccu.edu.tw/item?item_id=182316-
dc.description.abstract (摘要) This article analyses data from 26 countries to examine the effects of societal trust levels on corporate debt maturity. Empirical evidence shows that companies operating in countries with higher societal trust exhibit longer debt maturities. The study also investigates the moderating role of investor protection on the relationship between societal trust and debt maturity, particularly focusing on the effectiveness of legal institutions, legal strength, and political stability. The results reveal that firms in countries with stronger investor protections experience a more pronounced positive impact of societal trust on debt maturity. Additionally, the study addresses potential endogeneity issues, firm fixed effects, and self-selection biases to ensure that the results are consistent and reliable.
dc.format.extent 98 bytes-
dc.format.mimetype text/html-
dc.relation (關聯) International Finance, Vol.29, No.1, pp.186-204
dc.subject (關鍵詞) debt maturity; investor protection; societal culture; societal trust
dc.title (題名) Does Societal Trust Influence Corporate Debt Maturity? International Evidence
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1111/infi.70021
dc.doi.uri (DOI) https://doi.org/10.1111/infi.70021