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Showing 1 to 2 of 2 for “"Liquidity benefits"”.
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Two Essays on Ownership and Market Characteristics
… strategic trading of informed and discretionary liquidity traders leads to intertemporal variation in both trading volume and trading costs (Admati and Pfleiderer (1988), and Foster and Viswanathan (1990)). However, the empirical studies on the effect of ownership structure on market …