Lee M. Dunham
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View article: Industry peers stock liquidity and M&A
Industry peers stock liquidity and M&A Open
This study examines the impact of mergers and acquisitions on the liquidity of shares of industry peers of the target firm. The results document, on average, an improvement in the liquidity of industry peer firms' shares: bid‐ask spreads o…
View article: Securities Lending Activities in Mutual Funds and ETFs: Ethical Considerations
Securities Lending Activities in Mutual Funds and ETFs: Ethical Considerations Open
Securities lending has been a lucrative business for mutual funds and exchange-traded funds (ETFs) over the past decade. Unfortunately for investors, the sponsors of these funds have not been very transparent with the details of their secu…