Università della Svizzera italiana

Asymmetric information, disclosure, and liquidity : The Swiss evidence

Fabiano, Jonfilippo ; Nowak, Eric (Dir.)

Thèse de doctorat : Università della Svizzera italiana, 2008 ; 2008ECO006.

The existence of asymmetric information amongst market’s agents determines consequences and behaviour that can impact investors’ decision processes. This thesis is an empirical analysis of some of this consequences. It is composed of three integrated essays. The first two investigate the impact on the firm’s cost of capital and on the firm’s trading liquidity from a reduction in the...