The Impact of Bank Loan Announcements on Stock Liquidity
We examine the impact of bank loan announcements on stock liquidity. Using a comprehensive loan announcement sample over 14 years in Australia, we find that effective spreads and realized spreads of borrowers’ stocks fall after the announcements. The findings suggest these announcements send positiv...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
Elsevier
2023
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/90444 |