Shaping Liquidity: On the Causal Effects of Voluntary Disclosure
收藏NBER2013-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18984
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资源简介：
Can managers influence the liquidity of their firms' shares? We use plausibly exogenous variation in the supply of public information to show that firms seek to actively shape their information environments by voluntarily disclosing more information than is mandated by market regulations and that
提供机构：
美国国家经济研究局
创建时间：
2013-04-01
