Matches in SemOpenAlex for { <https://semopenalex.org/work/W1572342682> ?p ?o ?g. }
- W1572342682 abstract "We present a model that links the opacity of an asset to its liquidity. While low opacity assets are liquid, intermediate levels of opacity provide incentives for investors to acquire private information, causing adverse selection and illiquidity. High opacity, however, benefits liquidity by reducing the value of a unit of private information to investors. The cross-section of bid-ask spreads of U.S. firms is shown to be consistent with this hump-shape relationship between opacity and illiquidity. The analysis suggests that uniform disclosure requirements may not be desirable; optimal information provision can be achieved by subsidizing information. The model also delivers predictions about when it is optimal for asset originators to sell intransparent products or pools composed of correlated assets." @default.
- W1572342682 created "2016-06-24" @default.
- W1572342682 creator A5030372852 @default.
- W1572342682 creator A5075237897 @default.
- W1572342682 date "2013-01-01" @default.
- W1572342682 modified "2023-09-26" @default.
- W1572342682 title "Asset Opacity and Liquidity" @default.
- W1572342682 cites W128327606 @default.
- W1572342682 cites W1985808284 @default.
- W1572342682 cites W2024081693 @default.
- W1572342682 cites W2034903818 @default.
- W1572342682 cites W2039070441 @default.
- W1572342682 cites W2050031929 @default.
- W1572342682 cites W2069365881 @default.
- W1572342682 cites W2089812705 @default.
- W1572342682 cites W2098228413 @default.
- W1572342682 cites W2103674819 @default.
- W1572342682 cites W2109016446 @default.
- W1572342682 cites W2127957034 @default.
- W1572342682 cites W2140268443 @default.
- W1572342682 cites W2140463430 @default.
- W1572342682 cites W2187124319 @default.
- W1572342682 cites W3122312129 @default.
- W1572342682 cites W3122997362 @default.
- W1572342682 cites W3123129688 @default.
- W1572342682 cites W3123524418 @default.
- W1572342682 cites W3125276712 @default.
- W1572342682 cites W3125267119 @default.
- W1572342682 doi "https://doi.org/10.2139/ssrn.2361434" @default.
- W1572342682 hasPublicationYear "2013" @default.
- W1572342682 type Work @default.
- W1572342682 sameAs 1572342682 @default.
- W1572342682 citedByCount "1" @default.
- W1572342682 countsByYear W15723426822020 @default.
- W1572342682 crossrefType "journal-article" @default.
- W1572342682 hasAuthorship W1572342682A5030372852 @default.
- W1572342682 hasAuthorship W1572342682A5075237897 @default.
- W1572342682 hasBestOaLocation W15723426822 @default.
- W1572342682 hasConcept C10138342 @default.
- W1572342682 hasConcept C119857082 @default.
- W1572342682 hasConcept C120665830 @default.
- W1572342682 hasConcept C121332964 @default.
- W1572342682 hasConcept C144133560 @default.
- W1572342682 hasConcept C162324750 @default.
- W1572342682 hasConcept C175444787 @default.
- W1572342682 hasConcept C183582576 @default.
- W1572342682 hasConcept C2776291640 @default.
- W1572342682 hasConcept C29122968 @default.
- W1572342682 hasConcept C32252159 @default.
- W1572342682 hasConcept C34447519 @default.
- W1572342682 hasConcept C38652104 @default.
- W1572342682 hasConcept C41008148 @default.
- W1572342682 hasConcept C556758197 @default.
- W1572342682 hasConcept C60056205 @default.
- W1572342682 hasConcept C76178495 @default.
- W1572342682 hasConcept C84265765 @default.
- W1572342682 hasConcept C99221444 @default.
- W1572342682 hasConceptScore W1572342682C10138342 @default.
- W1572342682 hasConceptScore W1572342682C119857082 @default.
- W1572342682 hasConceptScore W1572342682C120665830 @default.
- W1572342682 hasConceptScore W1572342682C121332964 @default.
- W1572342682 hasConceptScore W1572342682C144133560 @default.
- W1572342682 hasConceptScore W1572342682C162324750 @default.
- W1572342682 hasConceptScore W1572342682C175444787 @default.
- W1572342682 hasConceptScore W1572342682C183582576 @default.
- W1572342682 hasConceptScore W1572342682C2776291640 @default.
- W1572342682 hasConceptScore W1572342682C29122968 @default.
- W1572342682 hasConceptScore W1572342682C32252159 @default.
- W1572342682 hasConceptScore W1572342682C34447519 @default.
- W1572342682 hasConceptScore W1572342682C38652104 @default.
- W1572342682 hasConceptScore W1572342682C41008148 @default.
- W1572342682 hasConceptScore W1572342682C556758197 @default.
- W1572342682 hasConceptScore W1572342682C60056205 @default.
- W1572342682 hasConceptScore W1572342682C76178495 @default.
- W1572342682 hasConceptScore W1572342682C84265765 @default.
- W1572342682 hasConceptScore W1572342682C99221444 @default.
- W1572342682 hasLocation W15723426821 @default.
- W1572342682 hasLocation W15723426822 @default.
- W1572342682 hasLocation W15723426823 @default.
- W1572342682 hasLocation W15723426824 @default.
- W1572342682 hasLocation W15723426825 @default.
- W1572342682 hasOpenAccess W1572342682 @default.
- W1572342682 hasPrimaryLocation W15723426821 @default.
- W1572342682 hasRelatedWork W2047584171 @default.
- W1572342682 hasRelatedWork W2088567725 @default.
- W1572342682 hasRelatedWork W2115488966 @default.
- W1572342682 hasRelatedWork W2161410734 @default.
- W1572342682 hasRelatedWork W2500283933 @default.
- W1572342682 hasRelatedWork W2586976133 @default.
- W1572342682 hasRelatedWork W2938440115 @default.
- W1572342682 hasRelatedWork W3037309996 @default.
- W1572342682 hasRelatedWork W3121340150 @default.
- W1572342682 hasRelatedWork W3122166183 @default.
- W1572342682 hasRelatedWork W3122727025 @default.
- W1572342682 hasRelatedWork W3123728779 @default.
- W1572342682 hasRelatedWork W3124202710 @default.
- W1572342682 hasRelatedWork W3124370975 @default.
- W1572342682 hasRelatedWork W3125065727 @default.
- W1572342682 hasRelatedWork W3125275252 @default.
- W1572342682 hasRelatedWork W3135676843 @default.