... assets percentiles are similar to those using NYSE market capitaliza- tion percentiles. Please cite this article as: Custo ´ dio, C., et al., Why are US firms using more short-term debt? Journal of ... similar conclusions using board independence as a proxy for corporate govern- ance quality. Please cite this article as: Custo ´ dio, C., et al., Why are US firms using more short-term debt? Journal ... Why are US firms using more short-term debt? $ Cla ´ udia Custo ´ dio a , Miguel A. Ferreira b, n , Luı ´ s Laureano c a Arizona State University, AZ, USA b Nova School of Business and...