Corporate reserves--Do they hurt economic growth?: Some empirical evidence from OECD countries
In this note we provide empirical evidence supporting the view that enhanced corporate risk and liquidity management promoted by financial development provides better insurance against liquidity shocks caused by capital market imperfections and thus tends to support economic growth.
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- Apergis, Nicholas, 2004. "Inflation, output growth, volatility and causality: evidence from panel data and the G7 countries," Economics Letters, Elsevier, vol. 83(2), pages 185-191, May.
- Jean Tirole, 2006. "The Theory of Corporate Finance," Post-Print hal-00173191, HAL. Full references (including those not matched with items on IDEAS)