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- W3150144407 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.
- W3150144407 created "2021-04-13" @default.
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- W3150144407 date "2010-01-01" @default.
- W3150144407 modified "2023-09-28" @default.
- W3150144407 title "Asymmetric Information and Market Collapse" @default.
- W3150144407 hasPublicationYear "2010" @default.
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