Title:

Illiquidity as a Signal

Authors:

José Jorge (U Porto)
Charles Kahn (U Illinois)

Journal:

Journal Of Financial Stability

Year:

2020

Volume:

50

JEL codes:

D82 - Asymmetric and Private Information
G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure
H25 - Business Taxes and Subsidies

DOI:

10.1016/j.jfs.2020.100773