The market liquidity of DIAMONDS, Q's and their underlying stocks
A comprehensive empirical analysis of the market liquidity of the Dow Jone's Industrial Average (DIA) and a summary analysis of the Q's (Nasdaq 100 Index) as well as their underlying stocks is presented. ETF's (exchange-traded funds) like DIA and Q's are quite popular due to the ease with which investor's can obtain portfolio diversification at low transaction costs as compared to trading a portfolio of underlying stocks.
Publication Name: Journal of Banking & Finance
Auditor compensation, disclosure quality, and market liquidity: evidence from stock market
A study examining the effect of compensation paid to auditor on disclosure quality as perceived by the stock markets is presented. The study is based on samples of NYSE traded S&P 1500 stocks. The effect of weak corporate governance on market liquidity attributable to auditor's compensation is examined.
Publication Name: Journal of Accounting and Public Policy
Firm characteristics as cross sectional determinants of adverse selection
The influence of firm characteristics in evaluating their adverse selections and liquidity in securities markets are analyzed.
Publication Name: Journal of Business Finance and Accounting
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