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dc.contributor.authorNg, Tee Yong
dc.date.accessioned2015-09-18T14:04:40Z
dc.date.available2015-09-18T14:04:40Z
dc.date.issued2011-03
dc.identifier.issn01654101
dc.identifier.urihttp://hdl.handle.net/1721.1/98831
dc.description.abstractI investigate whether information quality affects the cost of equity capital through liquidity risk. Liquidity risk is the sensitivity of stock returns to unexpected changes in market liquidity; recent asset pricing literature has emphasized the importance of this systematic risk. I find that higher information quality is associated with lower liquidity risk and that the reduction in cost of capital due to this association is economically significant. I also find that the negative association between information quality and liquidity risk is stronger in times of large shocks to market liquidity.en_US
dc.description.sponsorshipWharton Schoolen_US
dc.description.sponsorshipSloan School of Managementen_US
dc.description.sponsorshipDeloitte & Touche Foundationen_US
dc.language.isoen_US
dc.publisherElsevieren_US
dc.relation.isversionofhttp://dx.doi.org/10.1016/j.jacceco.2011.03.004en_US
dc.rightsCreative Commons Attribution-Noncommercial-NoDerivativesen_US
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/en_US
dc.sourceSSRNen_US
dc.titleThe effect of information quality on liquidity risken_US
dc.typeArticleen_US
dc.identifier.citationNg, Jeffrey. “The Effect of Information Quality on Liquidity Risk.” Journal of Accounting and Economics 52, no. 2–3 (November 2011): 126–143.en_US
dc.contributor.departmentSloan School of Managementen_US
dc.contributor.mitauthorNg, Tee Yongen_US
dc.relation.journalJournal of Accounting and Economicsen_US
dc.eprint.versionAuthor's final manuscripten_US
dc.type.urihttp://purl.org/eprint/type/JournalArticleen_US
eprint.statushttp://purl.org/eprint/status/PeerRevieweden_US
dspace.orderedauthorsNg, Jeffreyen_US
mit.licensePUBLISHER_CCen_US


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