the organization of trading has on volume, liquidity, and price efficiency. We find, in particular, that trading volume is …

of liquidity, risk, signaling and ideal price range explanations that could justify the sizeable cumulative abnormal …, however, that liquidity reasons do not seem to be sufficient to explain the observed abnormal returns around the ex-date. A … directed at splitting firm. This confirmed that liquidity increases were indeed one of the main objectives pretended by the …

We analyze the relationship between the long term development in liquidity at the Oslo Stock Exchange and the Norwegian … economy for the period 1980 to 2007. We calculate different liquidity measures that captures various dimensions of liquidity … over time and across industry groups. Overall, we find that the liquidity at the OSE has improved over the sample period …

This paper reports the results of 18 experimental asset markets with 262 subjects that explore the effects of liquidity … liquidity of the trading mechanisms. For both success factors of real stock exchanges our results show a strong tendency that …

In this paper, we develop a dynamic model of a limit order market populated with liquidity traders who have only … execution probabilities of limit orders as a function of traders’ liquidity demand and the state of the limit order book. We … find that the equilibrium percentage of market order submissions is also increasing in the dispersion in liquidity traders …

political uncertainties. Our results might partly explain the sudden freeze and low liquidity in some financial markets during …