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Paper / 2013SMQ / 206676254733095
The value of (stock) liquidity in the M&A market
Massa, Massimo / Xu, Moqi
liquidity / mergers and acquisitionsResource overview

The value of (stock) liquidity in the M&A market

Paper2013

by Massa, Massimo, Xu, Moqi

Tags
liquiditymergers and acquisitions

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Suggested foundations for market microstructure and execution. Specialist prerequisites vary by paper.

Before you read

  1. Order Books

    Read bid, ask, depth and queue-based market state.

  2. Order Flow and Adverse Selection

    Understand why fills and order flow can carry information.

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  1. Market Impact

    Connect trading speed and size to execution cost.

  2. Implementation Shortfall

    Measure execution relative to the decision price.

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