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Das "Gesetz zur Kontrolle und Transparenz im Unternehmensbereich" (KonTraG) verpflichtet insbesondere …
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the potential degree of disclosure. Having access to all relevant trading information, we provide evidence that …
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To answer the question what causes an asset to be illiquid, we analyze the impact that transparency of corporate accounting information has on the liquidity of its traded bonds. In particular, we focus on how this relationship depends on aggregate liquidity and the financial state of the firm....
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