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SUMMARY:Asymmetric Information and Liquidity Provision
DTSTART:20160202T120000
DTEND:20160202T130000
DTSTAMP:20260404T003657Z
UID:1d44c309f84eb1a4caae530a359da69979b16d683123aa8df539e54f
CATEGORIES:Conferences - Seminars
DESCRIPTION:Alberto Teguia (PhD Student\, Rice University)\nThe presence o
 f information asymmetry increases the probability that a potential predato
 r will provide liquidity rather than engaging in predatory trading during 
 liquidation by a distressed trader.\nMore information asymmetry is associa
 ted with greater expected gains from liquidation for the distressed trader
 . There is a negative correlation between the degree of information asymme
 try and 5 the returns from predatory trading\, which is consistent with em
 pirical findings. These results imply that strategic traders are more like
 ly to stabilize markets by providing liquidity when information is asymmet
 ric. These findings highly a cost associated with disclosure and can expla
 in the documented rarity of illiquidity episodes in financial markets
LOCATION:UNIL\, Extranef\, room 126 https://planete.unil.ch/plan/?local=EX
 T-126
STATUS:CONFIRMED
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