López-de-Foronda, Óscar; López-de-Silanes, Florencio; … - In: BRQ Business Research Quarterly 22 (2019) 2, pp. 96-104
The aim of this paper is to analyse the influence of financial system liquidity and corporate leverage on a firm … traditional role as a managerial control mechanism. Instead, the supply of systemic liquidity results in corporate leverage …, our results show a significant and positive relationship between corporate leverage and overinvestment when the liquidity …