. Factors for momentum, investment, liquidity, and skewness help to explain aftermarket returns, although size and book … and in exchange for higher liquidity …

available following stricter SEC disclosure requirements in 2004. The data allow us to investigate the timing of OMRs. We find … evidence that OMRs are timed to benefit non-selling shareholders. Our analysis identifies ownership and liquidity as … significant determinants of timing gains: stock liquidity increases and institutional ownership decreases timing gains, while the …

dry up during the crisis and provided the liquidity that firms used to cope with this exceptional contraction. In … particular, credit lines provided the liquidity companies needed to invest during the crisis …

can be explained by factors such as the possibility of default, liquidity, tax differentials and market risk. We …

We first show that liquidity, as measured by stock turnover or trading volume, is an economically significant … Strategy, an Earnings-Based Liquidity Strategy, and a Market Cap-Based Liquidity Strategy. Our backtest research shows that the … Earnings-Based Liquidity Strategy offers the highest return and the best risk-return trade-off, while the Volume Weighted …

Liquidity dried up during the financial crisis of 2007-2009. Banks that relied more heavily on core deposit and equity … assets on their balance sheets, in contrast, increased asset liquidity and reduced lending. Off-balance-sheet liquidity risk …. We conclude that efforts to manage the liquidity crisis by banks led to a decline in credit supply …