RT Journal Article
SR Electronic
T1 Corporate Fraud and Liquidity
JF The Journal of Trading
FD Institutional Investor Journals
SP 65
OP 71
DO 10.3905/jot.2015.10.3.065
VO 10
IS 3
A1 Emre Kuvvet
YR 2015
UL https://pm-research.com/content/10/3/65.abstract
AB This article examines the implications of corporate fraud on stock liquidity. The author finds that the revelation of corporate fraud has an adverse effect on liquidity not only in the short term but also in the long term. He also finds that the complexity and severity of fraudulent activities do not further reduce liquidity; rather, the existence of fraud is what matters to investors.TOPICS: Security analysis and valuation, accounting and ratio analysis