(IFRS) and local Generally Accepted Accounting Principles (GAAP) impact the transparency of financial reporting of non … of financial reports by promoting transparency and prevent managers of firms facing insolvency from engaging in creative …

corporate governance structure influence stock market liquidity depends on countries' legal systems, using data from 10 emerging …) enhances the level of investors participation and hence stock market liquidity. The second section seeks to explore the value … evidence that as compared to common law countries, costs of liquidity are larger for companies in countries with civil law …

Transparency and Bond Liquidity, investigates how firm accounting transparency affects the liquidity of bonds issued by such firms … relationship between firm transparency and bond liquidity, which becomes stronger in times of financial distress. Further, we find … a negative relationship between firm transparency and liquidity risk. Economically speaking, bond liquidity is less …