The Liquidity Route To A Lower Cost Of Capital

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The Economic Virtues of SRI and CSR (2007, background): “An increase in analyst coverage would reduce information uncertainty and asymmetry (Easley and O’hara (2004)) and improve stock liquidity (Amihud and Mendelson (2000)) and increase investor attention, all of which could ultimately counterbalance the neglect effect caused by societal norms in markets”
Disclosure Measurement in the Empirical Accounting Literature - A Review Article (2010, background): “6 Finance theory predicts that more public information will enhance stock liquidity by reducing transactions costs and increasing the demand for shares (Merton, 1987; Amihud and Mendelson, 1986; 2000).”
Friend or Foe? The Role of State and Mutual Fund Ownership in the Split Share Structure Reform in China (2010, unknown): “23We note that the positive and significant stock return is also consistent with an alternative argument that successfully negotiated compensation ratios will imply a higher liquidity and a lower cost in the trading of the firm’s stocks, which may help lower a firm’s cost of capital (Amihud and Mend”
Corporate governance reform and risk-taking: Evidence from a quasi-natural experiment in an emerging market (2020, background): “the cost of capital estimation (Amihud and Mendelson, 2000; Easley and O'Hara, 2004), improved”