Financial Risk and Management Reviews 2412-3404 2411-6408 10.18488/journal.89/2016.2.1/89.1.1.25 Financial Risk and Management Reviews Does Managerial Emotional Biases Affect Debt Maturity Preference? Bayesian Network Method: Evidence from Tunisia Financial Risk and Management Reviews Financial Risk and Management Reviews 06-2016 2016 06-2016 06-2016 2 1 1 25 30 Nov 30 Nov This study documents that managerial characteristics’ play an important role in determining corporate debt maturity. Specifically, we focus on the relationship between the managerial biases and firm debt maturity preference. Empirical analysis of the relationship between emotional bias and debt maturity using Bayesian Network Method. We distributed a questionnaire among 100 Tunisian managers to measure their emotional biases. Our results have revealed that the behavioral analysis of debt maturity preference implies leader affected by behavioral biases (optimism, loss aversion, and overconfidence) presence prefer long term debt maturity allowing this protect against the takeover operation Russianness. <br>