haku: @author Greenstein, M. / yhteensä: 2
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| Tekijä: | Greenstein, M. Sami, H. |
| Otsikko: | The impact of the SEC's segment disclosure requirement on bid-ask spreads |
| Lehti: | Accounting Review
1994 : JAN, VOL. 69:1, p. 179-199 |
| Asiasana: | TRANSACTION COSTS INFORMATION SEGMENTAL REPORTING |
| Kieli: | eng |
| Tiivistelmä: | Lev asserts that reducing inequities among investors should result in thicker markets with smaller bid-ask spreads and greater liquidity of securities. He claims that fuller disclosure should decrease inequities among investors by decreasing information asymmetries through equal access to information. It is argued that reducing information asymmetries should result in lower transaction costs as reflected in the bid-ask spread. This paper provides evidence on the effect of accounting disclosure on the size of the relative bid-ask study. |
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