affect the liquidity of other stocks. When some stocks handled by a designated market maker have earnings announcements …, liquidity is lower for non-announcement stocks handled by the same market maker, with the largest effects coming from earnings … surprises and stocks with high earnings response coefficients. Half of the liquidity decline reflects attention constraints …

the feasibility and attainment of two main corporate objectives: profitability and liquidity. The rationale behind this …

-term relationships with lenders. Low asset flows cause relationships to break up due to insufficient liquidity. Multiple Pareto ranked …

This paper discusses whether financial intermediaries can optimally provide liquidity, or whether the government has a … role in creating liquidity by supplying government securities. We discuss a model in which intermediaries optimally manage … liquidity with outside rather than inside liquidity: instead of holding liquid real assets that can be used at will, banks sell …

We propose an industry-level index of capital liquidity - defined as the share of used capital in aggregate industry … liquidity on the dispersion and mean of industry productivity distributions, as well as on industry concentration measures using … find that an increase in the capital liquidity index is associated with a reduction in the productivity dispersion and an …

We examine the link between the liquidity of a firm's stock and its ownership structure, specifically, how much of the … firm's stock is owned by insiders and institutions, and how concentrated is their ownership. We find that the liquidity …-ownership relation is mostly driven by institutional ownership rather than insider ownership. Importantly, liquidity is positively …

liquidity shock. One key result is that investment in real assets is higher under asymmetric information than under symmetric …