Dia, Magueye; Pouget, Sébastien - In: Managerial Finance 37 (2011) 3, pp. 257-274
Purpose – How is liquidity formed in emerging financial markets? Do traders preannounce their orders to attract outside liquidity providers (a practice referred to as sunshine trading)? The purpose of this paper is to study liquidity formation of infrequently traded stocks. It also...