Hohenstatt, Ralf; Steininger, Bertram - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
capital structure are highlighted through separately observing debt and equity and their relationship to investment …. Additionally, leverage dynamics are interpreted in their role for liquidity management. Interactions of leverage with lines of … relationship. However, the calculus of financial flexibility and our findings suggest that leverage positively drives cash, which …