(When) Does transparency hurt liquidity?

(When) Does transparency hurt liquidity?

Conventional wisdom suggests that increases in public information improve market liquidity. However, if greater public information incentivizes only sophisticated investors to produce private information, it could exacerbate information asymmetry among investors and thus reduce liquidity. We explore...

Full description

Saved in:
Bibliographic Details
Main Authors: BALAKRISHNAN, Karthik, ERTAN, Aytekin, LEE, Yun Je
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2020
Subjects:
liquidity
disclosure
securitization
information sensitivity
regulation
MBS
ABS
Accounting
Online Access:https://ink.library.smu.edu.sg/soa_research/1844
https://ink.library.smu.edu.sg/context/soa_research/article/2871/viewcontent/SSRN_id3447412.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soa_research/1844
https://ink.library.smu.edu.sg/context/soa_research/article/2871/viewcontent/SSRN_id3447412.pdf

Similar Items