| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5086777 | Journal of Accounting and Economics | 2012 | 23 Pages |
Abstract
⺠We study a new channel through which earnings announcements affect stock liquidity. ⺠Market maker attention constraints worsen liquidity for non-announcement stocks. ⺠The attention-liquidity effect is independent of industry links. ⺠The attention-liquidity effect occurs even without inventory build-up. ⺠Increasing automation reduces the liquidity effect despite larger portfolios.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Accounting
Authors
Bidisha Chakrabarty, Pamela C. Moulton,