The Rule 144A private debt represents a significant and growing segment of the U.S. bond market. This paper examines the market liquidity effects of enhanced information disclosure induced by the public registration of 144A bonds. Using the regulatory version of TRACE data for the period...

The development and advancement of technologies have enabled users to complete their tasks efficiently. They have also provided them with various options and alternatives to complete and achieve their tasks. In such an environment, it is imperative for a user to make informed decisions that...

In this paper, we present the FC direct trust value-based decision making methodology, for making direct trust value based decisions regarding interactions in (a) a given context and during the current time slot, and (b) a given context and at a future time slot. The direct trust value-based...

Theory offers equivocal guidance on how enhanced corporate disclosure and transparency impact underlying liquidity. We examine the market liquidity effects of enhanced information induced by the public registration of 144A bonds, a significant and growing segment of the U.S. bond market. Using...