Download This PaperCorporate Fraud and Liquidity
Journal of Trading, Summer 2015, Vol. 10, No. 3: pp. 65-71
7 Pages Posted: 16 Sep 2014 Last revised: 7 Dec 2023
Date Written: June 30, 2015
Abstract
This article examines the implications of corporate fraud on stock liquidity. We find that the revelation of corporate fraud has an adverse effect on liquidity not only in the short term but also in the long term. We also find that the complexity and severity of fraudulent activities do not further reduce liquidity; rather, the existence of fraud is what matters to investors.
Keywords: Corporate fraud; Liquidity; Corporate governance
Suggested Citation: Suggested Citation
Kuvvet, Emre, Corporate Fraud and Liquidity (June 30, 2015). Journal of Trading, Summer 2015, Vol. 10, No. 3: pp. 65-71, Available at SSRN: https://ssrn.com/abstract=2496151 or http://dx.doi.org/10.2139/ssrn.2496151
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