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Efficient Markets and the Law : A Predictable Past and an Uncertain Future
Hu, Henry T. C. - 2012
This article analyzes the manifold situations in which the efficient-market hypothesis (EMH) has influenced — or has failed to influence — federal securities regulation and state corporate law, and the prospective roles for the EMH in these contexts. In federal securities regulation, the EMH...
Persistent link: https://www.econbiz.de/10013100915
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Illiquid financial products and distribution policies : new insights
Polato, Maurizio; Floreani, Josanco - In: Journal of applied finance & banking 1 (2011) 2, pp. 155-172
investors lack the basic tools for evaluating more complex structures and liquidity costs; this, in turn, leaves room for …
Persistent link: https://www.econbiz.de/10009536158
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Strategic Loan Defaults and Coordination : An Experimental Analysis
Trautmann, Stefan - 2011
dominance properties of the coordination problem, and that these changes subsequently explain borrowers' default. For the …
Persistent link: https://www.econbiz.de/10013118964
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Strategic Loan Defaults and Coordination : An Experimental Analysis
Trautmann, Stefan - 2011
properties of the coordination problem, and that these changes subsequently explain borrowers' default. For the individual …
Persistent link: https://www.econbiz.de/10013121627
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Strategic Loan Defaults and Coordination : An Experimental Analysis
Trautmann, Stefan - 2011
properties of the coordination problem, and that these changes subsequently explain borrowers' default. For the individual …
Persistent link: https://www.econbiz.de/10013127245
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How much for a haircut? : illiquidity, secondary markets, and the value of private equity
Bollen, Nicolas P. B.; Sensoy, Berk A. - 2016
Limited partners (LPs) of private equity funds commit to invest with extreme levels of illiquidity and significant uncertainty regarding the timing of capital flows. Secondary markets have emerged which alleviate some of the associated cost. This paper develops a subjective valuation model...
Persistent link: https://www.econbiz.de/10011772208
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ETFs, Illiquid Assets, and Fire Sales
Shim, John J.; Todorov, Karamfil - 2023
-to-market values. The AP’s costs of handling creations/redemptions are paid by liquidity-demanding ETF investors via premiums …
Persistent link: https://www.econbiz.de/10014362460
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Liquid equity and boom-bust dynamics
Buggenum, Hugo van - 2024
to relax a liquidity constraint. The dual nature of equity in the search-and-matching market entails a strategic … complementary in search operating through buyers' liquidity constraint, and it gives rise to endogenous booms and busts. The economy …
Persistent link: https://www.econbiz.de/10014633356
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Credit Market Freezes
Benmelech, Efraim - 2017
Credit market freezes in which debt issuance declines dramatically and market liquidity evaporates are typically … bonds declined, and secondary credit markets became highly illiquid. In this paper we analyze liquidity in bond markets … during financial crises and compare two main theories of liquidity in markets: (1) asymmetric information and adverse …
Persistent link: https://www.econbiz.de/10012953727