This study contains the effects of bid-ask spread, firm size and liquidity against price reversal phenomena at …

billion to $58 billion. Over the same time period, REIT liquidity as measured by the percentage bid-ask spread declined … increased liquidity should come only at the expense of lower expected returns. In this article, we formally test this hypothesis … hypothesized trade-off between liquidity and expected returns …

categories of firm. Some of the changes in returns reflect changes in liquidity, while the remainder reflect adjustments to the …

give up such large stakes in voting power. I find 70% of unifying firms specifically state "increase liquidity" as a … liquidity …

liquidity of assets. Following Kurz and Motolese (2008), we propose a theoretical model to show that the equilibrium asset price …, it is also shown in this paper that when market belief becomes more volatile, trading volume and liquidity decline while … volatility, and liquidity of underlying assets, and these empirical results are robust to various methods of estimating market …

liquidity can account for the observed stock price reaction around lockup expiration. Specifically, firms which show improvement … in liquidity subsequent to the unlock day experience positive abnormal returns in the post-expiration period, and vice … versa.Another interesting finding is that liquidity changes strongly predict long-term abnormal returns as well as …

document higher direct flotation costs, but also improved stock market liquidity after public offerings and standby rights … relative to uninsured rights. We find that blockholder renouncements to subscribe to new shares and stock market liquidity are … that public offerings are cost effective and more liquidity improving than standby rights whereas an uninsured rights …