This paper addresses the theoretical foundations of corporate failure prediction, using the neo-classical theory of … compared to the multitude of theory-less empirical studies and a useful alternative to the default theory …

coincided with a significant rise in global liquidity. This paper attempts to determine the extent to which the rise in asset … prices was influenced by developments in global liquidity. We confirm that global liquidity had a significant impact on the … impact of global liquidity declined during the period of the Great Moderation. The paper also examines spillovers from global …

We extend the theory of strategic trading around a predictable liquidation by considering the role of market resiliency … trades' temporary price impacts are quickly reversed. We provide related empirical evidence by studying prices, liquidity … resiliency on roll dates. We find that a larger number of individual trading accounts provide liquidity on roll dates, and do not …

coincided with a significant rise in global liquidity. This paper attempts to determine the extent to which the rise in asset … prices was influenced by developments in global liquidity. We confirm that global liquidity had a significant impact on the … impact of global liquidity declined during the period of the Great Moderation. The paper also examines spillovers from global …

coincided with a significant rise in global liquidity. This paper attempts to determine the extent to which the rise in asset … prices was influenced by developments in global liquidity. We confirm that global liquidity had a significant impact on the … impact of global liquidity declined during the period of the Great Moderation. The paper also examines spillovers from global …