This Paper investigates the impact of ownership patterns on the way the firm is monitored, on the liquidity of its … selection discount required by less informed investors to trade, reducing the firm’s liquidity. Both effects are properly … prices, but the lower liquidity induced by their presence tends to reduce prices. …

liquidity may be related positively to the longer-term probability of default. Our empirical analysis confirms these predictions …

, with a focus on the role of fundamental credit risk factors, liquidity and counterparty risk. The fourth section discusses … market efficiency, price discovery, information flow, and liquidity. Attention is also paid to the CDS-bond basis, the wedge …, including bond issuance, capital structure, liquidity management, and corporate governance. The sixth section analyzes how CDS …

increased cooperation, only liquidity-constrained firms seem willing to incur the cost of cooperative attempts. …

We investigate cost of capital, information asymmetry, and market liquidity of listed family firms vs. non-family firms … estimate alternate conventional measures of market liquidity as a robustness check. Overall, the evidence on liquidity is …

Ensuring that a firm has sufficient liquidity to finance valuable projects that occur in the future is at the heart of … substantial literature on the ways in which firms manage liquidity has developed only recently. We argue that many of the key … issues in liquidity management can be understood through the lens of a framework in which firms face financial constraints …

We investigate the liquidity management of 62 Dutch banks between January 2004 and March 2010, when these banks were … subject to a liquidity regulation that is very similar to Basel III’s Liquidity Coverage Ratio (LCR). We find that most banks … interaction between capital and liquidity buffers. However, this interaction turns out to be weaker during a crisis. Although not …