Liquidity and dynamic leverage: the moderating impacts of leverage deviation and target instability
Purpose – We explore the impact of equity liquidity on a firm’s dynamic leverage adjustments and the moderating impacts of leverage deviation and target instability on the link between equity liquidity and dynamic leverage in the UK market. Design/methodology/approach – In applying the two-step syst...
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| Format: | Article |
| Language: | English |
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Emerald Publishing
2024-08-01
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| Series: | Journal of Economics and Development |
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| Online Access: | https://www.emerald.com/insight/content/doi/10.1108/JED-12-2023-0244/full/pdf |