Browsing BI Open by Author "Liu, Junhao"

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Does stock liquidity shape voluntary disclosure? Evidence from the SEC tick size pilot program

Hope, Ole-Kristian; Liu, Junhao (Peer reviewed; Journal article, 2022)

Employing the SEC Tick Size Pilot Program, which increases the minimum trading unit of a set of randomly selected small-capitalization stocks, we examine whether and how an exogenous change in stock liquidity affects ...
Earnings announcements in China: Overnight-intraday disparity

Liu, Junhao; Hope, Ole-Kristian; Hu, Danqi (Peer reviewed; Journal article, 2023)

Based on a unique arrangement of trading and disclosure times around earnings announcements in the Chinese stock market, we provide evidence of a striking overnight-intraday disparity in terms of the reaction to earnings ...