: i) announcements and actions related to extension of central bank liquidity and ii) secondary market purchases. We find …, sovereign debt purchases are found to instantaneously lower and flatten the curve, while liquidity related actions steepen the …

lower returns following the reverse split and even less liquidity than one reverse split firms. Sixty five percent of the …

We hypothesize that macro-level liquidity affects the choice between tender-mergers and mergers. We employ a novel … finds that the structural breaks coincide strikingly well with major changes in macro-level liquidity. Consistent with our … hypotheses our regression analysis finds that the number of tender offers increases with liquidity and also that the acquirer …

, information increasing adverse selection costs or liquidity decreasing order processing costs. In our sample the increase in …

This paper investigates the effects of very highly concentrated ownership structures on the liquidity of stock markets … shareholder expropriation hypothesis predicts an inverse relationship between liquidity and ownership concentration for the … liquidity, since they have incentives to reduce their costs of exit and/or to improve the information transfer of their value …