Liquidity and fi rm investment : Evidence for Latin America ☆


Article history: Received 5 March 2012 Received in revised form 7 October 2012 Accepted 13 October 2012 Available online 22 October 2012 This paper explores the relationship between firms' investment and stock market liquidity. Using a panel of Latin American firms, I find evidence that a higher trading volume and a higher industry-adjusted trading volume… (More)


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