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rates of return to compensate agents for their relative lack of liquidity. Consistent with empirical findings, our model …
Persistent link: https://www.econbiz.de/10009753184
Persistent link: https://www.econbiz.de/10012197562
do not find evidence that liquidity risk and the probability of informed trade influence CoC. Overall, our results …
Persistent link: https://www.econbiz.de/10012800436