Luo, Guo Ying - In: Journal of applied finance & banking 3 (2013) 1, pp. 177-190
market liquidity increases as the proportion of conservatism traders increases. With mark to market accounting replacing the … conservative accounting practice, the asset price will be more informative and the market liquidity will be reduced. From the … perspective of the informativeness of the asset price, the results of this paper support mark to market accounting. -- accounting …
