Easley and Kiefer are from the Department of Economics, Cornell University. O'Hara is from the Johnson Graduate School of Management, Cornell University. Paperman is from the Department of Accounting, University of Washington. We thank an anonymous referee, Yakov Amihud, Joel Hasbrouck, Bruce Lehman, Ananth Madhavan, René Stulz, and seminar participants at Cornell University, the London Business School, Erasmus University, the Western Finance Association Meetings, and the JFI Conference on Market Microstructure, Northwestern University for helpful comments. We thank Colin Moriarity and James Shapiro of the New York Stock Exchange for technical assistance, and the Symposium on Infrequently Traded Stocks held at the London Business School for providing the impetus for this research. Easley and O'Hara gratefully acknowledge research support from Churchill College and the Department of Applied Economics, University of Cambridge, and Kiefer gratefully acknowledges support from the Center for Nonlinear Econometrics, University of Aarhus. This research is supported by National Science Foundation Grant SBR93–20889.
Liquidity, Information, and Infrequently Traded Stocks
Version of Record online: 30 APR 2012
© 1996 the American Finance Association
The Journal of Finance
Volume 51, Issue 4, pages 1405–1436, September 1996
How to Cite
EASLEY, D., KIEFER, N. M., O'HARA, M. and PAPERMAN, J. B. (1996), Liquidity, Information, and Infrequently Traded Stocks. The Journal of Finance, 51: 1405–1436. doi: 10.1111/j.1540-6261.1996.tb04074.x
- Issue online: 30 APR 2012
- Version of Record online: 30 APR 2012
Options for accessing this content:
- If you are a society or association member and require assistance with obtaining online access instructions please contact our Journal Customer Services team.
- Login via other institutional login options http://onlinelibrary.wiley.com/login-options.
- You can purchase online access to this Article for a 24-hour period (price varies by title)
- New Users: Please register, then proceed to purchase the article.
Login via OpenAthens
Search for your institution's name below to login via Shibboleth.
Registered Users please login:
- Access your saved publications, articles and searches
- Manage your email alerts, orders and subscriptions
- Change your contact information, including your password
Please register to:
- Save publications, articles and searches
- Get email alerts
- Get all the benefits mentioned below!