推文人 | 赵玲玲
原文信息:Hanselaar, Rogier and Stulz, René M. and Van Dijk, Mathijs A., Do Firms Issue More Equity When Markets Become More Liquid? (October 30, 2017). Journal of Financial Economics (JFE), Forthcoming.
一、引言 很多文献显示,各个国家的股票市场流动性随时间变化(e.g., Chordia, Sarkar, and Subrahmanyam, 2005; Lesmond, 2005)。更高的股票市场流动性,意味着在市场中更易...