Chiyachantana, Chiraphol N.; Jiang, Christine X.; … - In: The Financial Review 39 (2004) 4, pp. 549-577
This study examines the impact of Regulation Fair Disclosure (FD) on liquidity, information asymmetry, and institutional and retail investors trading behavior. Our main findings suggest three conclusions. First, Regulation FD has been effective in improving liquidity and in decreasing the level...