Results 81 to 90 of about 24,822 (265)
Illiquidity of Frontier Financial Market: Case of Serbia [PDF]
The paper explores illiquidity of the Serbian financial market for the period of 2005-2009. The financial market in Serbia is, by its type, a frontier market.
Boško Živković, Jelena Minović
core
Contemporary Accounting Research, EarlyView.ABSTRACT This paper examines the effect of the All‐Star award on the performance of Chinese financial analysts. Leveraging unique voting data from 2007 to 2016 and a regression discontinuity design (RDD), we find that the All‐Star award significantly enhances recipients' fundamental analysis. Awarded analysts issue more accurate earnings forecasts, and
Congcong Li, Shaokun Li, Hai Lu
wiley +1 more source
Flight to Liquidity and Global Equity Returns [PDF]
Investment practice and academic literature suggest a great degree of interaction between the world’s stock markets and most liquid and safe assets, such as U.S. Treasuries.
Goyenko, Ruslan, Sarkissian, Sergei
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Abacus, EarlyView.This study examines how firms’ adoption of corporate social responsibility frameworks (CSRFs) that follow different user orientation approaches affects information asymmetry in capital markets. We draw on novel hand‐collected adoption data from seven established CSRFs for a sample of STOXX Europe 600 firms from 2017–2020. Our findings reveal that CSRFs
Andreas Altendorfer +2 more
wiley +1 more source
Experimental Evidence on the ‘Insidious’ Illiquidity Risk [PDF]
This paper brings experimental evidence on investors’ behavior subject to an "illiquidity" constraint, where the success of a risky project depends on the participation of a minimum number of investors.
Besancenot, Damien, Vranceanu, Radu
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Investigating proxies for retail investor attention in financial markets
Accounting &Finance, Volume 65, Issue 1, Page 521-550, March 2025.Abstract Investor attention influences financial markets but “depends on where you search” (Ben‐Rephael et al., The Review of Financial Studies, 2017, 30, 3009). We explore various retail investor attention proxies and their correlations with company characteristics and market reactions.
Daniel Cahill +2 more
wiley +1 more source
the determinants of Illiquidity on emerging stock markets:
Academic Finance, 2018 The purpose of this study is to carry out to a comparative study of the determinants of illiquidity, between JSE and NSE, using the Generalized Least Square (GLS) method and the Generalized Method of Moment (GMM), on a stock panel.
Prince Dubois HIKOUATCHA KENFACK
doaj
The term structure of illiquidity premia [PDF]
This paper investigates the dynamics of the term structure of bond market illiquidity premia using data on German bond market segments which differ only with respect to their liquidity.
Kempf, Alexander +2 more
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Accounting &Finance, EarlyView.ABSTRACT This paper investigates the relationship between ESG rating divergence and corporate excess cash holdings, employing a sample of Chinese A‐share listed companies from 2015 to 2021. Our findings reveal a significant positive relationship between ESG rating divergence and firms' excess cash holdings, a conclusion robust to various sensitivity ...
Qun Cao +3 more
wiley +1 more source
Liquidity measures, liquidity drivers and expected returns on an early call auction market [PDF]
We analyze the determinants of illiquidity and its impact on asset pricing for purely call-auction traded stocks on Berlin Stock Exchange using 22 years of daily data (1892-1913). We use the Lesmond et al.
Carsten Burhop, Sergey Gelman
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