-horizon return predictability as an inverse indicator of market efficiency. We find a strong relationship between liquidity and … trading carbon futures and during periods of low liquidity. Since the start of trading in Phase II of the EU Emissions Trading …

well as on consolidated liquidity of French blue chip equities, newly tradable on Chi-X. Our findings suggest that owing to … this new competition the home market's liquidity has enhanced. This is apparently due to the battle for order flow which … results in narrower spreads and increased market depth. These results imply that overall liquidity in a virtually consolidated …

This paper shows how the US, UK, Germany and China are financially connected through their stock market liquidity in … the COVID-19 pandemic. Using high frequency data on transaction costs, we identify a decrease in stock market liquidity … and an increase in liquidity commonality amongst these countries after the World Health Organisation (WHO) declared the …

Corporate transparency reduces information asymmetries between firms and capital markets, but increases the costs … information environment following transparency-enhancing security market reforms, we document significantly higher rates of R …&D and patenting in richer information environments. The effects of transparency are strongest in industries that rely on …

effectiveness to manage excess volatility and to preserve liquidity. Specifically, we empirically analyze volatility and liquidity …. Unfortunately, this decrease in volatility comes at the cost of decreased liquidity. Regarding design parameters, we find tighter …