transparency, an indicator of the solvency, sustainability and financial solidity of the pay-as-you-go system and a tool capable of … reverse this trend, restore solvency and eliminate the ¿losses¿ or ¿increases¿ in the accumulated deficit which accrue every … to solvency in the long run. El objetivo de este trabajo es doble, por un lado mostrar la utilidad del balance actuarial …

irregularly spaced in time. The estimates are used to measure the liquidity of the market and the effect of the introduction of … market makers on liquidity. Este trabajo analiza la dinámica de los cambios de precios en el mercado de futuros español y sus …

substantial improvements in terms of liquidity, adverse selection costs, and friction-related volatility from the trial phase to …

This paper analyzes the relationship between ownership concentration andshares liquidity for a sample of 115 listed … directors,major shareholders and outside shareholders on liquidity. We do not find evidence ofthe influence of liquidity on the …. Therefore,firms with higher ownership concentration present larger informative asymmetry,having less liquidity. Este trabajo …

liquidity. The main motive of this study is to verify whether the improvements that the advocates of the new trading system have … subjected to empirical evaluation. To do so, the effect that this innovation has had on the indicators of liquidity, returns and … the imposition of the new negotiating system, since a significant worsening wasobserved in liquidity and returns, whereas …

anomalous returns. Also, it is investigated the determinant factors of the split size, its effects on the liquidity and the … improvement in the assets liquidity. They suggest that market microstructure phenomena bias upward the average abnormal returns …

proxy for market liquidity and trading conditions convey valid information to forecast the quantiles of the conditional …

examine the levels of stock liquidity, trading activity, volatility, and asymmetric information, as well as the order … during trading and non-trading hours. We find that stock liquidity and trading activity significantly improves after the … time to evaluate the earnings news before the market opens, the improvement in liquidity is immediate, caused by higher …