Firm's Information Environment and Stock Liquidity: Evidence from Tunisian Context

Nadia Loukil () and Ouidad Yousfi ()
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Nadia Loukil: Fiesta ISG de Tunis - Fiesta - Fiesta - ISG de Tunis

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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: corporate information disclosure; private information; stock liquidity; emergent market.; emergent market (search for similar items in EconPapers)
Date: 2011
Note: View the original document on HAL open archive server: https://hal.science/hal-00813921v1
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Published in Journal of Accounting in Emerging Economies,, 2011, 2 (1), pp.30. ⟨10.1108/20421161211196111⟩

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Related works:
Working Paper: Firm's Information Environment and Stock Liquidity: Evidence from Tunisian Context (2013)
Working Paper: Firm's information environment and stock liquidity: evidence from Tunisian context (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00813921

DOI: 10.1108/20421161211196111

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