Disclosure Policy and Market Liquidity: Impact of Depth Quotes and Order Sizes*

By Frank Heflin, Kenneth W. Shaw, J. Wild. 2005

257 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/1da7dd55a786d43e4258dfc5a6a3eb2e42583383

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Citations in the corpus

Does Gender Diversity on Corporate Boards Reduce Information Asymmetry in Equity Markets? * (2017, background): “In addition, empirical evidence has shown a negative relation between disclosure quality and information asymmetry (e.g. Brown and Hillegeist, 2007; Heflin et al., 2005).”
The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research (2015, background): “This issue is particularly prevalent when changes occur frequently (Hennessy and Strebulaev, 2015).”
The effects of stock liquidity on firm value and corporate governance: Endogeneity and the REIT experiment (2015, background): “Once the value-adding activities of stock liquidity are identified, firms should search for opportunities and policies that can increase stock liquidity (Heflin, Shaw, and Wild, 2005; Foucault et al., 2013; Danielsen, Harrison, Van Ness, and Warr, 2014).”
Corporate Governance and Equity Liquidity: Analysis of S&P Transparency and Disclosure Rankings (2007, methodology): “This finding is consistent with the results of Heflin et al. (2005), who investigated the relationship between the FAF scores and the effective spreads.”
Does Asymmetric Information Drive Capital Structure Decisions (2009, background): “…the opaqueness of banking firms’ assets (Flannery, Kwan, and Nimalendran 2004), firms’ ownership structure (Heflin and Shaw 2000), disclosure quality (Heflin, Shaw, and Wild 2005), credit ratings (Odders-White and Ready 2006), and investment sensitivity to stock price (Chen, Goldstein, and Jiang…”
Introduction of International Accounting Standards, Disclosure Quality and Accuracy of Analysts' Earnings Forecasts (2013, unknown): “In equations (1a) and (1b) we use the following variables to control for the impact of factors other than the accounting system choice on disclosure quality (see, e.g. Cooke, 1989; Wallace et al., 1994; Welker, 1995; Leuz and Verrecchia, 2000; Heflin et al., 2005; Lapointe-Antunes et al., 2006): com”