Legal Institutions and Fragile Financial Markets
Equity liquidity varies across countries due to funding constraints and legal institutions, with firms in countries with extensive disclosure requirements experiencing fewer liquidity shocks, leading to higher firm value in volatile markets.
Featured in No. 10 on 2 Aug 2023 · on release day
- Released
- 2 Aug 2023
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- No. 10 · 2 Aug 2023
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- SSRN 4528750
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