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Keywords: Bid–ask spreads
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Journal Articles
Journal of Economic Studies (2019) 46 (5): 1028–1051.
Published: 29 August 2019
..., and discover the adverse selection of the bidask spread is significantly related to the initial bank loan announcement. Research limitations/implications The results can be attributed to the information cost/liquidity hypothesis, suggesting that investors demand a lower premium for trading stocks...

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