influence the liquidity of Greek listed firms. It also explores the main factors that drive the level of operating cash flow … (OCF). By simulating a decrease of 50% and 75% in sales, we perform stress-tests on three liquidity ratios for 154 listed … about one year, whereas about 12% would become illiquid within two years. It is also observed that liquidity does not …

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

This paper explains the emergence of liquidity traps in the aftermath of large-scale financial crises, as happened in … long time. -- liquidity trap ; financial crisis ; rare disasters ; equity capital ; leverage ; bankruptcy risk …

Since the outset of the recent financial crisis, liquidity problems have been cited as the cause behind the … role for bankruptcy as a provider of liquidity. The Creditors' Bargain theory argues that bankruptcy law should be limited …-in-possession financing, sales free and clear of liens, and coerced loans can be seen as liquidity-providing rules that target either debt …

emergency liquidity and lending we introduce an instrumental variable, responsible for available emergency liquidity, into the … account for emergency liquidity (ELA) presence. We showed that given the limited amount of relevant historical data, ignoring …