This paper examines the relationship between liquidity and quality of financial information by analyzing long …. Overall, my results indicate a positive relationship between quality of financial information and liquidity …

theory of funding liquidity by Brunnermeier and Pedersen (2009) …. The return impact of fund flows is stronger when funds embrace liquidity risk, when market liquidity is low, and when … funding liquidity, as measured by the Treasury-Eurodollar spread, aggregate hedge fund flows, and prime broker stock returns …

In order to reconcile weak evidence of supply-side determinants of commonality in liquidity in previous studies, we … examine commonality in liquidity in China over the period 1995-2012. Consistent with supply-side explanations, we find that … market declines and market volatility increase liquidity commonality. To identify the direct relationship between the supply …

Is greater trading liquidity good or bad for corporate governance? We address this question both theoretically and … information concerns her own plans for taking an active role in governance. We show that an increase in the liquidity of the firm …'s stock increases the likelihood of the large investor 'taking the Wall Street walk.' Thus, higher liquidity is harmful for …

We revisit the role of liquidity risk. We successfully replicate Pastor and Stambaugh's (2003) gamma liquidity risk … compensation for liquidity risk. We create five alternative liquidity risk indices from various popular liquidity proxies. Using …

robust to different liquidity measures and time periods. It holds after controlling for the business cycle, macroeconomic … variables, and the party with House of Representatives and Senate majorities. There is evidence that the liquidity effect is …

the mechanical relationship between return co-movement and liquidity, which can be quantified by a power law function and … explained by a liquidity supply model. Three well-documented asymmetries (asymmetric volume, asymmetry in non-market volatility …