Does Financial Market Structure Impact the Cost of Capital?

Author(s):  
James A Brugler ◽  
Carole Comerton-Forde ◽  
Terrence Hendershott

Abacus ◽  
2006 ◽  
Vol 42 (3-4) ◽  
pp. 388-414 ◽  
Author(s):  
Christina Dargenidou ◽  
Stuart McLeay ◽  
Ivana Raonic


2000 ◽  
Vol 75 (1) ◽  
pp. 13-41 ◽  
Author(s):  
Robert J. Bloomfield ◽  
T. Jeffrey Wilks

Greater disclosure quality leads to higher prices and greater liquidity in a laboratory financial market, and these effects are stronger when investors face the risk of unpredictable demand shocks. These results are consistent with a broad class of theoretical and empirical studies. Disclosure has larger effects on prices and liquidity at greater market depths. We conclude that archival studies looking only at quoted transaction prices and spreads (which typically pertain to small transactions) may underestimate the potential importance of disclosure on larger transactions that occur at greater market depths.



1979 ◽  
Vol 34 (1) ◽  
pp. 85-92 ◽  
Author(s):  
VAROUJ A. AIVAZIAN ◽  
JEFFREY L. CALLEN


2013 ◽  
Author(s):  
Mohamed El Hedi Arouri ◽  
Christophe Rault ◽  
Robert Sova ◽  
Anamaria Sova


2013 ◽  
Vol 31 ◽  
pp. 664-671 ◽  
Author(s):  
Mohamed El Hedi Arouri ◽  
Christophe Rault ◽  
Anamaria Sova ◽  
Robert Sova ◽  
Frédéric Teulon


Author(s):  
Ignacio Velez-Pareja ◽  
Joseph Tham
Keyword(s):  


2011 ◽  
Author(s):  
Huong Giang (Lily) Nguyen ◽  
Xiangkang Yin ◽  
Luong Hoang Luong


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