Gopinath, Saji; Krishnamurti, Chandrasekhar - In: Journal of Financial Research 24 (2001) 2, pp. 205-18
Our empirical evidence based on transactions data of a sample of NASDAQ stocks indicates that trades of large firms are related to the proxies of market-wide and firm-specific information. For large firms, an increase in the number of trades seems to have a beneficial effect on liquidity as...