Shaping Liquidity: On the Causal Effects of Voluntary Disclosure
Can manager influence the liquidity of their firms' shares? we use plausibly exogenous variation in the supply of public information to show that firms actively shape their information environments by voluntarily disclosing more information than regulation mandate and that such efforts improve liquidity..Printed Journal
Call Number | Location | Available |
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JOF6905 | PSB lt.dasar - Pascasarjana | 1 |
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