Firm's Information Environment and Stock Liquidity : Evidence from Tunisian Context,
General Finance
2013-04-18 v1
Abstract
This paper analyzes the relationship between public disclosure, private information and stock liquidity in Tunisian context using a sample of 41 listed firms in the Tunis Stock Exchange in 2007. First, we find no evidence that there is a relation between public and private information. Second, Tunisian investors do not trust the information disclosed in both annual reports and web sites, consequently it has no effects on stock liquidity, in contrast with private information.
Keywords
Cite
@article{arxiv.1304.4852,
title = {Firm's Information Environment and Stock Liquidity : Evidence from Tunisian Context,},
author = {Nadia Loukil and Ouidad Yousfi},
journal= {arXiv preprint arXiv:1304.4852},
year = {2013}
}