Firm's information environment and stock liquidity: evidence from Tunisian context

Nadia Loukil and Ouidad Yousfi ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper analyzes the relationship between public disclosure, private information and stock liquidity in the Tunisian market. We use 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; emerging market. (search for similar items in EconPapers)
JEL-codes: G10 G14 M41 (search for similar items in EconPapers)
Date: 2010-01, Revised 2011-02
New Economics Papers: this item is included in nep-ara, nep-cta and nep-mst
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https://mpra.ub.uni-muenchen.de/28699/1/MPRA_paper_28699.pdf original version (application/pdf)

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:pra:mprapa:28699

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