Reference : L'impact de la divulgation d'informations sur la liquidité du marché français
Parts of books : Contribution to collective works
Business & economic sciences : Finance
http://hdl.handle.net/2268/133809
L'impact de la divulgation d'informations sur la liquidité du marché français
French
[en] The effects of corporate disclosures on the French-market liquidity
Ajina, Aymen [Université de Liège - ULg > > > Doct. sc. écon. & gest. (sc. gestion - Bologne)]
Sougné, Danielle mailto [Université de Liège - ULg > HEC-Ecole de gestion de l'ULg : UER > Gestion financière et consolidation >]
Lakhal, Faten mailto []
Apr-2012
Finance et Stratégies de Développement
Editions PUBLISUD
25-38
Yes
Paris
France
[fr] Liquidité du marché ; asymétrie d’informations ; communication financière
[en] This paper examines the relationship between the quality of financial disclosure and the French stock-market liquidity. Based on a sample of 196 firms over a period from 2004 to 2007, we find that there is a positive and statistically significant relationship between the quality of Annual Reports and market liquidity. This result should encourage French authorities to develop the informational environment as an indispensable means to prevent the risk of illiquidity.
http://hdl.handle.net/2268/133809
http://editionspublisud.hautetfort.com/archive/2012/04/04/finance-et-strategies-de-developpement-sous-la-direction-de.html

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