HCBE Faculty Articles

Title

Corporate Fraud and Liquidity

Document Type

Article

Date

2015

Publication Title

Journal of Trading

Volume

10

Issue

3

First Page

65

Last Page

71

Description

This article examines the implications of corporate fraud on stock liquidity. We find that the revelation of corporate fraud has an adverse effect on liquidity not only in the short term but also in the long term. We also find that the complexity and severity of fraudulent activities do not further reduce liquidity; rather, the existence of fraud is what matters to investors.

DOI

10.3905/jot.2015.10.3.065

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