01902cas a2200265 a 4500 AALejournalIMF004653 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451865752 1018-5941 BD-DhAAL BD-DhAAL Morsy, Hanan. Role of Debt Maturity Structureon Firm Fixed Assets During Sudden Stop Episodes : Evidence From Thailand / Hanan Morsy, Maria Pia Iannariello, Akiko Terada-Hagiwara. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper studies the detrimental effect of sudden stops on the growth of Thai firms' fixed assets. We focus on the fixed assets adjustment that firms undertake at times of financial constraints. We derive our results from balance sheet data for 284 nonfinancial Thai listed firms. Our data demonstrate that Thai firms faced severe declines in the growth of their fixed assets starting in 1996. Regression results demonstrate, after controlling for firms' characteristics and lagged dependent variables, that holding longer-term debt maturity structure is the factor that works in the firms' favor during sudden stop episodes, while it is their profitability that matters during tranquil periods. Mode of access: Internet Iannariello, Maria Pia. Terada-Hagiwara, Akiko. IMF Working Papers; Working Paper ; No. 2007/011 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/011/001.2007.issue-011-en.xml IMF e-Library