results reveal that liquidity is always a key factor in explaining the returns. Profitability and information uncertainty … plays a significant role in explaining the positive returns, while liquidity and (un)profitability are the two key issues in … provide liquidity for and help the troubled firms improve their profitability. Compared the performances in post bankruptcy to …

through smaller trading increments, greater liquidity, and the ability to buy on margin and sell short. The second essay … through smaller trading increments, greater liquidity, and the ability to buy on margin and sell short. The second essay …

This paper investigates the effect of the introduction of exchange-traded funds (ETFs) on the liquidity of individual …

Extreme market outcomes are often followed by a lack of liquidity and a lack of trade. This market collapse seems … uncertainty with liquidity, we specify a simple market where a monopolist financial intermediary makes a market for a propriety … liquidity. Our infinite-horizon example produces short, dramatic decreases in liquidity even though the underlying environment …