We study the impact of transparency on liquidity in OTC markets. We do so by providing an analysis of liquidity in a corporate bond market without trade transparency (Germany), and comparing our findings to a market with full posttrade disclosure (the U.S.). We employ a unique regulatory dataset...

Using survey-based explicit investor sentiment measures, this paper analyzes when investors' stock market expectations are a ffected by weather-induced mood. This study provides new insights into mood and decision making by directly comparing private and institutional investors. This paper shows...