Corporate Governance Environment, Corporate Debt Maturity Structure and Sustainable Development
Keywords:
Corporate Governance, Debt Maturity Structure, Sustainable Development.Abstract
Debt financing is one of the most important financing methods for companies, and the optimization of debt maturity structure is an important problem faced by companies in debt financing.The debt ratio of many enterprises is too high, the debt burden is heavy, the unreasonable debt maturity structure of enterprises, short-term borrowing and long-term use and other problems have also become an important obstacle to the sustainable development of enterprises for a long time.The current research on the debt maturity structure is mainly in two aspects. The first is the research on the factors that affect the corporate debt maturity structure.The second is the research on the effect of corporate debt maturity structure.Most of the researches on the factors influencing the maturity structure of corporate debt explain the cause of the maturity structure of corporate debt from macro and micro perspectives.The research on the effect of debt maturity structure discusses the influence of debt maturity structure on corporate governance effect, financial performance, RESEARCH and development ability, investment efficiency, innovation ability and other aspects.In the existing literature, there is not much research on the effect of debt maturity structure on the long-term sustainable development of the real economy. In order to make up for or enrich the research on this aspect, this paper discusses that corporate internal governance factors play a positive role in corporate sustainable development by improving debt maturity structure.It is of theoretical significance and practical value to discuss the mechanism and influencing factors of debt maturity structure in the sustainable development of companies.
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