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- W3121770992 abstract "In this paper, using data for the period January 1995 to May 2009 for the Shanghai stock exchange (SHSE), we show that aggregate illiquidity is a priced risk factor. We develop the relationship between the illiquidity factor, asymmetric information, and market collapse. Our empirical results show that while the illiquidity factor is a source of asymmetric information on the SHSE, asymmetric information does not trigger a market collapse" @default.
- W3121770992 created "2021-02-01" @default.
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- W3121770992 date "2011-01-01" @default.
- W3121770992 modified "2023-09-26" @default.
- W3121770992 title "Asymmetric information and market collapse: Evidence from the Chinese Market" @default.
- W3121770992 hasPublicationYear "2011" @default.
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