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  <front>
    <journal-meta>
      <journal-id journal-id-type="nlm-ta">REA Press</journal-id>
      <journal-id journal-id-type="publisher-id">20</journal-id>
      <journal-title>REA Press</journal-title><issn pub-type="ppub">3042-0210</issn><issn pub-type="epub">3042-0210</issn><publisher>
      	<publisher-name>REA Press</publisher-name>
      </publisher>
    </journal-meta>
    <article-meta>
      <article-id pub-id-type="doi">https://doi.org/10.22105/aaa.v1i1.29</article-id>
      <article-categories>
        <subj-group subj-group-type="heading">
          <subject>Research Article</subject>
        </subj-group>
        <subj-group><subject>Managerial ability, Debt maturity, Debt structure, Short-term debt, Long-term debt</subject></subj-group>
      </article-categories>
      <title-group>
        <article-title>Does Managerial Ability affect Debt Maturity?</article-title><subtitle>Does Managerial Ability affect Debt Maturity?</subtitle></title-group>
      <contrib-group><contrib contrib-type="author">
	<name name-style="western">
	<surname>Wang</surname>
		<given-names>Chenguang </given-names>
	</name>
	<aff>School of Economics and Management, Three Gorges University, China.</aff>
	</contrib><contrib contrib-type="author">
	<name name-style="western">
	<surname>Rokhshi </surname>
		<given-names>Maryam </given-names>
	</name>
	<aff>Department of Accounting, Babol Branch, Islamic Azad University, Babol, Iran.</aff>
	</contrib></contrib-group>		
      <pub-date pub-type="ppub">
        <month>03</month>
        <year>2024</year>
      </pub-date>
      <pub-date pub-type="epub">
        <day>27</day>
        <month>03</month>
        <year>2024</year>
      </pub-date>
      <volume>1</volume>
      <issue>1</issue>
      <permissions>
        <copyright-statement>© 2024 REA Press</copyright-statement>
        <copyright-year>2024</copyright-year>
        <license license-type="open-access" xlink:href="http://creativecommons.org/licenses/by/2.5/"><p>This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.</p></license>
      </permissions>
      <related-article related-article-type="companion" vol="2" page="e235" id="RA1" ext-link-type="pmc">
			<article-title>Does Managerial Ability affect Debt Maturity?</article-title>
      </related-article>
	  <abstract abstract-type="toc">
		<p>
			The maturity structure of debt is an essential feature of debt structure that has attracted considerable attention. Due to lower transaction costs and lower liquidity risk, firms use short-term debt. Therefore, the purpose of this study is to examine the relationship between managerial ability and debt maturity. Multivariate linear regression was used to test the research hypothesis. The statistical population consisted of 115 companies listed on the Tehran Stock Exchange during 2012-2021 (1150 firms- year observations). The model of Demerjian et al. [1] was used to measure managerial ability. The results of the research showed that there is a positive and significant relationship between managers' ability and debt maturity (short-term). In other words, the higher the managerial ability, the more short-term debt is used. This is because the cost of using this type of debt is lower.
		</p>
		</abstract>
    </article-meta>
  </front>
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