Angel, James Joseph; Harris, Jeffrey H.; Panchapagesan, … - 2004 - [Elektronische Ressource]
the decline in
liquidity is largest for bankrupt firms, followed by delistings caused by corporate governance
(e.g., SEC … example, bankruptcy violators lose 24.2 percent, governance violators
lose 23.7 percent, core violators lose 18.4 percent … violation, followed by corporate governance violations. Nasdaq groups its other
requirements into core (size, profitability …