Angel, James Joseph; Harris, Jeffrey H.; Panchapagesan, … - 2004 - [Elektronische Ressource]
Pedersen
(2004), shareholders of firms that experience drastic declines in liquidity should experience a
significant decline …
shareholder wealth. Shareholders in our sample experience a wealth-loss of 19 percent on
average due to delisting. We further … Amihud and Mendelson (1986) and Acharya and
Pedersen (2004), shareholders of firms that experience drastic declines in …