used in the sector and, subsequently, carry out an analysis of four key financial variables: percentage of indebtedness …

To answer the question what causes an asset to be illiquid, we analyze the impact that transparency of corporate … transparency on bond liquidity. This relationship becomes stronger during times of financial distress. We also find that the impact … of transparency on liquidity is much larger than the influence of credit risk. Finally, we also find that transparent …

accumulate a buffer of liquid assets, or strengthen transparency to communicate solvency. While a liquidity buffer provides … complete insurance against small shocks, transparency covers also large shocks but imperfectly. Due to leverage, an unregulated … bank may choose insufficient liquidity buffers and transparency. The regulatory response is constained: while liquidity …

are particularly interested in the roles of country-level liquidity and transparency in cross-border acquisitions. Our … likely to buy private targets in lower-transparency countries, but the level of market liquidity in the target firm countries …

This paper examines whether a firm's commitment to increase transparency affects firm value and liquidity by studying …

exchange (the KOSDAQ stock market) shifts to public broker ID transparency at the same transparency level. …

We document, for a global sample, that firms with greater transparency (based on accounting standards, auditor choice …

The paper empirically explores how more trade transparency affects market liquidity. The analysis takes advantage of a … unique setting in which the Shanghai Stock Exchange offered more trade transparency to market participants subscribing to a … more transparency need not improve market liquidity. Second, the paper finds a particularly strong immediate liquidity …