firm characteristics after takeovers affect bidder liquidity. Design/methodology/approach – This paper compares the … liquidity changes for bidders that complete their takeovers (successful bidders) and bidders that eventually withdraw their … information produced in the takeover process, intraday data to construct the liquidity measures, and regression analyses to …

increased credit risk resulting from distress or on the other hand they could improve internal liquidity and hence credit … the internal liquidity view of the asset sales-credit risk relationship. Findings – Results from ordered probit … result in increased internal firm liquidity and hence improve firm credit quality. This bi-directional expectation leaves the …

liability (P/L) insurers liquidity creation, applying the liquidity creation measure developed by Berger and Bouwman. The second … purpose is to identify factors affecting P/L insurers' liquidity creation using a regression. Particularly, this paper tests … two competing hypotheses regarding the relationship between the level of capital and liquidity creation. Design …

Purpose – The purpose of this paper is to examine the impact of the introduction of anonymous trading on the liquidity … market liquidity deteriorates in a more opaque environment due to the greater information risk facing investors. This is in … improved market liquidity. The results suggest that although institutional investors and the NZX itself might well have …

Purpose – The purpose of this paper is to examine the impact on stock liquidity following the reduction of minimum tick …. Design/methodology/approach – Various liquidity measures were examined six months either side of the change in minimum tick … size for the eligible stocks and these were compared to a sample of stocks matched on similar liquidity characteristics …

/M) ratio, liquidity and past returns were run. The NZSX sample commenced in 1988 and continued through to 2011, while data are … stocks, but liquidity effects are not consistent or pervasive in either market. Practical implications – With B/M being the … governance and disclosure may be of more concern to investors than pricing factors such as size, liquidity and past returns in …

Purpose – This paper aims to focus on liquidity management in small firms and how this may be best met. It seeks to …, conducted longitudinally in eight case study companies. Findings – The findings suggest that liquidity management is either … with external advisors. Originality/value – The originality and value of the paper is that it conceptualises liquidity …