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Product diversification and debt maturity: an empirical investigation for the USA
Rahman, Md. Rezwanoor
Date: 2012
Type: Text
Abstract:
This study investigates whether product diversified firms tend to have more long term
debt compared to non-diversified firms. To conduct this study a sample of 45676
U.S. based firms was taken from a period of 1969 to 2009. Only firms with operations
within the United States were considered for this study. Geographic diversified firms
were excluded for simplicity. The long-term debt level of non-diversified firms was
compared with product diversified firms for various product lines, and the results showed
that product diversified firms do have more long term debt compared to non-diversified
firm’s debt. Additionally debt levels increase with the increase in the number of products.
Description:
1 online resource (iii, 37 leaves) : ill.
Includes abstract and appendix.
Includes bibliographical references (leaves 23-25).