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Liquidity, cost of capital and the organization of trading in stock markets
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Edité par Association d'économie financière ; 56 rue de Lille 75007 Paris : Association d'économie financière ; PERSÉE : Université de Lyon, CNRS & ENS de Lyon -
In this article, we present some arguments of recent research concerning how (1) stock exchanges organisation and (2) financial markets liquidity influence cost of capital and the quoted firms’ value. JEL classification : G14. Foucault Thierry. Liquidity, cost of capital and the organization of trading in stock markets . In: Revue d'économie financière (English ed.), n°82, 2006. The future of financial exchanges. pp. 113-123.