... debt financing constraints, at a disaggregate level (firm level). Design/methodology/approach The sample for this study includes all publicly listed companies headquartered in BRICS countries from 2014 to 2020. The study employs detailed financial accounting information and the Environmental...

... liquidity creation which implies that “financial fragility-crowding out” hypothesis holds for banks of BRICS countries. Originality/value This study provides the evidence of the inverse relationship between bank regulatory capital and liquidity creation from emerging economies. The findings show...